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.


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Earnings Watch Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

Here are several stocks that one should keep an eye on for this week. They are reporting earnings and may report an earnings surprise. If you are feeling lucky, jump in early. If you are feeling sensible, then wait until earnings are announced and then jump in and ride the stock up. I was able to jump into PENX and RBN after earnings were announced and even so, I was still able to make a nice return.

The stocks: BNSO, FORR, ARTW, CPSS, CSX, CCK, FELE, MTOX, CHIP, CAVM, DST, NVEC, PKG, QEPC, SMIT, SLGN, TRNS, VMI, ALDN, AME, KNX, AVCI, BMI, BZC?, FNSR, IIIN, ISIG, INSW, LSTR, LCCI, MATW, NETC, UTMD, NAFC, PTEC, ACO, SCHL, ALY, ACU, DSWL, GAP, IUSA, KCI, LINE, SMXC, RIMG, ORB, OMCL, NICH

Some of these are low market cap and low float stocks. These tend to be really volatile, so watch your entry. Also note that I have not listed all the stocks that are reporting. I simply listed the stocks that I am planning on keeping an eye on. I am not very intrested in any large caps, blue chip or household name stocks that may be reporting. I like to go for the ones that very few people talk about or even know about. That's just my style. For a more comprehensive list of earnings releasing stocks (including blue chips and household names), check out Bloomberg, Market Watch or Yahoo Finance...

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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