China MediaExpress Holdings, Inc. (fka CCME)

[gunnar]

IBD mention:

Focus Media Holding Shares Popped: What You Need to Know

What: Shares of Focus Media Holding (Nasdaq: FMCN) jumped 10% in intraday trading early today on very little news -- so what's going on?

So what: It appears investors who may have been scared away from China MediaExpress (Nasdaq: CCME) are putting their money into competitors today, considering the price action. China MediaExpress is down, but both Focus Media and VisionChina are moving higher in trading today.

Now what: Yesterday, Citron Research questioned China MediaExpress's business, and the tug-of-war continued today when management responded with a statement that basically said "rubbish." All we know for sure today is that China MediaExpress is down and Focus Media is up, indicating a shift of sentiment in the stocks. I don't see the move today as a reason to change your investment thesis on any of these companies, but I do recommend doing lots of homework before putting hard-earned dollars into any of them. They can all pop or plunge at a moment's notice, and I'm sure we'll be back very soon to tell you why they made another move.

http://www.fool.com/investing/international/2011/02/01/focus-media-holding-shares-popped-what-you-need-to.aspx