Posts for Ticker ‘CHNR’

Big China Stock Movers (NINE)(CSUN)(CHNR), But Watch For 50% Correction

Stocks of companies based in China will not give it a rest. They dominate the list of largest price increases on US markets again today.

Origin Agritech (SEED) is up 29% to $10.

AgFeed (FEED) is up 10% to $12.

China Sunergy (CSUN) up 15% to $14.

Ninetowns Internet Technology (NINE) is up 16% to $6.10.

China Natural Resources (CHNR) is up 8% to almost $40. Trades at over 20x sales.

China Architectural (RCH) is up 13% to $23.

Some of these stocks are going to correct 50%. It’s just a question of when. Their valuations on any sane metric are out of line.

Douglas A. McIntyre

Posted on: October 10, 2007 – 8:48 am in China, , , , , ,

China Stocks Wild Again Today (RCH)(KUN)(CHNR)

There is no gravity in the Chinese stock market.

Shares in several companies traded in the US but based in China are making big runs again today.

China Architectural (RCH) Amex traded shares up 36% to 52-week high of $27.10 against low of $4.80.

China Shenghuo Pharma (KUN) Amex traded company up 25% to $15.14. The 52-week low is $3.10.

New Oriental Energy & Chemical Corp (NOEC) Nice 16% run today to 52-week high of $9.60. Low for the period is $2.93.

China Natural Resources (CHNR) Up 18% to $48.40. Near 52-week high on low of $6.50.

The average return from the 52-week low on these is about five times.

Not bad

Douglas A. McIntyre

Posted on: October 4, 2007 – 10:02 am in China, , , ,

China Market Madness: More Shares Rally

It must be something in the water. A broad range of China stocks are up again today. Most are moving on no news.

China Architectural (RCH) Up 58% to a new hight of $21. The 52-week low was $4.80.

China Shenghuo Pharmaceutical (KUN) Trading up 51% to a 52-week high of $13 against a $3.10 low over that period.

E-Future Information (EFUT) At least the rally is on some news (24/7 view). Up 51% to $31.35.

China Natural Resources (CHNR) Spiked up 44% to 52-week high of $48.88. A low of $6.50 for that period.

Rally caps in the East.

Douglas A. McIntyre

Posted on: October 3, 2007 – 1:50 pm in China, , , ,

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

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

Posted on: October 2, 2007 – 4:12 pm in China, , , , , , ,