Close up at 0.85, up 7.87% for day, on nearly 2.4M volume--"resistance" at 0.80 now broken.
We got our late day upward spike, "as usual."
I think CHFI is these last several trading days is pulling some strings in its overall pattern of "benevolent manipulation" of the JADA stock (like its other CHFI children stocks in the past) to make sure we get this technically bullish end of day action on so many days of late.
Things are looking quite excellent going forward....
I'm a buyer on any dip to the 80-cent support level.
On just very conservative 2010 EPS of around 0.28 to 0.32 (and i think it will be higher as China's recovery is strengthening), this will be at least a $2 to $2.40 stock by later in the year. Where else are you going to get such an easy 2.5- to 3-bagger (or more) among your China stocks?
Recall, this is a company with no debt, low cashburn rate, ample cash, no warrant overhang, and no risk of dilution (incipient vertical integration, if it occurs later this year, could use cash on hand).
Good show, JADA, good show! (Anyone know how to say that in Mandarin?)
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