Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

Broken Trends: Certain China Stocks Losing Steam...

China based stocks have been the latest rage on Wall Street. But after numerous 50%+ returns in many of the Chinese offerings, traders have begun to act rational and take profits. Here are several China stocks that have taken a hit from profit taking.

BNSO, CAAS, CBAK, CEA, CHNR, CPSL, CSUN, CTDC, EFUT, NOEC, RCH, TSTC, YGE, YTEC, ZNH

Still Showing Strength: BJGP, CN, FSIN, GSI, KUN, MPEL, ORS

Bouncing Off Support: CFSG, CHA, CHL, CHU, CSCT, EDU, GSH, LFC, PTR, SCR, SHI, SNP, WX

Of course, I am sure I missed a few China stocks but I believe that these are the more popular ones. If you have a question on one that I may have missed, please post the stock and your question in the comment section of this post.

Also note how everyday a new Chinese IPO or OTC.BB stock is beginning to trade on the NASDAQ. This is exactly what happened with the Internet bubble. I am not saying that the Chinese stock bubble is about to pop. It may continue for some time and during this time, more and more new stocks will mysteriously emerge on the NASDAQ and get bid up 50% at a time. Eventually, when the amount of activity reaches euphoric levels and everyone is talking and chattering about Chinese stocks, then it will all come crashing down again.


My Ambitions as a Trader and Investor is not a registered investment advisor. Please read the complete Small Cap Stocks Blog Disclaimer



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