Posts for Ticker ‘CTDC’

China Stocks Lead Biggest Gainers, Again (CTDC)(CNTF)(XFML)

The market in Shanghai closed up 2.5% last night and hit an all-time high. But, that is hardly an excuse for the shares of Chinese companies trading on US exchanges to be up double-digits on yet another day.

China Development Technology (CTDC) is up almost 20% to nearly $10. It has no new news.

China TechFaith (CNTF) launched a new dual mode phone. No one knows if it will sell a single unit. Shares are up 11% to $7.85.

Xinhua Financial (XFML) is up 15% with no visible news support.

It’s just troubling.

Douglas A. McIntyre

Posted on: October 8, 2007 – 8:46 am 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, , , , , , ,