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Thursday, April 02, 2015 10:32:40 AM
Miles, while I do expect news, if none comes in a timely manner I am NOT going to hit the Panic button!
As to what would happen to the price per share were good news to come out, it would depend on just HOW good for one thing!
But todays Markets don't always make sense. Take the two China stocks I have mentioned- CEHD and NUIN.
NUIN is and has been profitable, showing a profit at about 1.28 per share. At a multiple of only ONE the current price should be = $ 1.28 per share!! But it NOT! Why?
And CEHD's last reported quarterly showed an annual profit of about .48 per share: ie = it should be at .48 per share. It is NOT. Why?
One thing about the stock market though is that eventually EVERY stock, like water, will eventually seek its own level. If the company makes money the price WILL eventually reflect that value! The Fear or Greed of the Herd will make it fluctuate, but eventually it will seek the proper price per value.
Either we have a winner or a loser. Time will tell. But not just one news report. That will only give us an idea of the most likey short term direction the stock will likely take!
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