China Marine Food Group Limited (CMFO)

[EarlyToRide]

CMFO Returned to Profitability - Filing: http://biz.yahoo.com/e/130514/cmfo10-q.html

The stock just gapped and held gains of 30%. Shorts on this stock amount to over 700k, and only 500k shares traded today meaning there is more buying and covering to come.

The stock is also trading at 1/4 of its book value, underpriced chinese stocks are hot ATM ie. $CHLN $CNIT, and are attracting big investors.

No doubt the company popped up on many investors' radars Wednesday night and they're dying to ride it through 52 week highs lurking around 1.15 - 1.2. Resistance will lie at 1.1 but the shorts will eat through it if this runs.

Put it on your radar for tomorrow, this stock may be set to surge as it gets noticed for its return to profitability, improved management, undervalued PPS and chart breakout