In Play: BJGP, SCR & SSRX
Today's In Play Candidates are China Pharmaceutical Stocks. This sub-genre has been on fire lately. Although all three have strong short term potential, today's clear winner is SSRX. I've had this stock on my radar for a few weeks now and even watched it as it bottomed. Unfortunately, watching and keeping an eye on so many stock has made me miss the early stage of this stocks opportunity. Still, the current momentum is strong and should be able to take SSRX to new heights in the days and weeks to come.
posted by Nick M. @ 1:47 PM
5 Comments:
ICO is on move in baby steps... catch it at the bottom..
n wht abt DSX.
Hi Yre,
I'm still keeping an eye on ICO for now. Although it looks like it may be coming off the bottom, I would like to see some more strength and a higher volume move to confirm that there is significant interest in this move. Still, if you want to play it (or are currently playing it) its an ok play. Just watch for possible resistance at the 200 day MA.
As far as DSX is concerned, I still like it. I've been holding and adding to a small position since the end of September.
These chinese stocks look lil too risky dont you think..
Raj,
Yes they are risky. In fact all of them are. This is why they are producing huge returns in such a short time span. As the days and weeks pass, more and more Chinese stocks and shell companies will pop up on the OTC.BB and Nasdaq. All of them will sound exciting as most investors think of vast profit and earning potential when they think of China and its 1.5 billion citizens. Yes this all does seem reminiscent of the internet bubble days. But...the fact is that the Chinese Stocks are where the big money is flowing into. And the Chinese stocks are providing strong returns. There are few Chinese Stocks at proper or even decent buy points (all of them have taken off). A few that are still at good buy points are: MHJ, KHD, FSIN, GSH, MPEL, CSCT, CFSG
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