China Energy Recovery, Inc. (CGYV)

[Ecomike]

Buy the rumor, sell the news. The entire China stock sector is under attack in the US markets. CGYV already peaked based on the updating/corrections of 2 years of financials here, in combination with all the new order news, it was a buy the rumor, sell the news deal. The Financials have not shown any profits the last 2 + years, so even though they are updated now, the contents stalled the rally, so now the day traders are slowing sell out after all the good new orders news has failed to move the price higher (for now), and volume is falling.

It will be a rock bottom buy again this summer to fall I think, as the 3-4th quarters are likely to show nice profits finally, when they are reported. It was already up 400% from last years lows, now it is correcting to test for a new bottom.