CHINA PHARMACEUTICAL (fka CPICF)

[alan webber]

macdrsirules NTRI

Glad you got some - it is now completely above the top Bollinger band so expect a pullback or sideways action as RSI is also overbought.

On CPICF I wrote earlier that this is a play on the idea that some deal will be made with the shell so I bought the stock for that as there is no company business at all now. If nothing is done then it can sit or it could die of course but I will look for 1000% - %5000 if something is done with the stock. Remember the lat deal that fell though a year ago was in line to do sales of $12M this year. There are certainly many private Chinese companies in the drug/medicine are that may like a fast track to become a public company.

It is a gamble but the CEO has a history of doing mergers and we know they are tying to but something together.