China Unlimited

[RealDutch]

Will it shrink back to $2.10 as we've seen these past few rallies?

Probably not. Q1 is a totally different ballgame from Q4. We still have a double bottom medium term and a triple bottom longer term.

As for what caused the rally, I mentioned CCCL on one of the SA SIAF articles. And bobtcat2 was very interested.

Then he posted this

"let's start pounding the pavement."

here.

http://seekingalpha.com/article/4031442-china-ceramics-cccl-ceo-jia-dong-huang-q3-2016-results-earnings-call-transcript

And at the same time, the stock jumped to $2.30 (earlier) in the day. See here.



It may have been enough to cause a rally later in the day. Sometimes you just need a couple of buyers (hitting the ask) to get things going.