China Market Madness: China Natural Resources (CHNR) Up 75%

Posted: October 2, 2007 at 4:12 pm

China Natural Resources (CHNR) hit a new high of $27.90 on new apparent news. That was a 75% increase for day.

China Technology Development (CTDC) was up 45% to a new high of $10.08.

Baidu Com (BIDU), the Chinese search engine company, was up 13% to to a new high of $320.58. At least it got a broker upgrade.

E House China Hldgs (EJ) rose 13% to a new high of $29.38. No news there.

Yingli Green Energy (YGE) hit a new high of $31.15, up 13%. Not any news.

China Telecom (CHA) and China Life (LFC) also managed new highs.

Seems like a pattern.

Douglas A. McIntyre

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