The no brainer play of the day is brought to you by the letter P for Profits and the symbol $. China Precision Steel, Inc. (NasdaqCM: CPSL) is without a doubt the highest probability runner here on the back of China commodity stocks ripping higher. Look at the charts of Sutor Technology Group Limited (NasdaqCM: SUTR) and China Direct Industries, Inc. (NasdaqGM: CDII). Both stocks are ripping over the last week and well on their way to 50% or more gains.
China Precision Steel, Inc. is in the right sector being: Steel. Look at steel stocks like United States Steel etc etc etc