GREY:CCZFF - Post by User
Post by
Techsavyon Sep 26, 2010 8:46am
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Post# 17493552
CCME
CCMECCZ Trader, I like the look of this stock for a powerful bounce.Fundamentals are very good, but like many smaller cap Chinese Stocks,getting pounded. It is at the bottom of its daily and weekly channels,indicating a decisive move up is coming. The question is when.
FWIW if it bounced now, it could easily see $11.40 and possibly as highas 15.56. I will follow this one for a short term play, once/if itstarts to move up. I won't be holding for long however.
You have to love the potential short squeeze, nobody will forget the"mother" of all short squeezes in the Porsche/Volkswagen buyout of 2008.
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