Charts on Near Term Uotrends Message Board

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Strategies & Market Trends : Charts on Near Term Uotrends

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To: Jibacoa who wrote (1379)	7/14/2010 12:45:34 PM
From: Jibacoa	Read Replies (2) of 1404

FUQI was up 18.14% and it is still up 15.63% with volume already > its ADV bigcharts.marketwatch.com Yesterday it released information of its July 7 amendment to the Intelectual Property Transfer Agreement between FUQI, its Virgin Island subsidiary and Mr. Chujian Huang dated April 18, 2008 The agreement was originally entered into in connection with the FUQI Subsidiary's acquisition of the intellectual property rights related to Shanghai Tian Mei Jewelry Co. and Beijing Yinzhong Tian Mei Jewelry Co. Ltd. Pursuant to it, a total of 1,080,666 shares were issued into escrow in exchange for the intellectual property, with one-half of the shares, or 540,333 shares, to be released to Mr. Huang after each of the first and second year anniversary of the closing of the transaction upon the achievement of certain performance targets set forth in the IP Transfer Agreement. Apparently all the stock in escrow has been released. I don't know what Mr.Huang has done with it, or the effects it will have on FUQI's performance.<g> FUQI has 4Qs of better revenues and earnings. The nearest resistance is at $10 before it could think of closing some of its March17 DG above the $12.65 level.<g> bigcharts.marketwatch.com The EE for 2010 is around $2.06 wich if it correct, FUQI would earn $0.02 more on the pending 4thQ than the $0.45 it earned in 2009. But that would be a sequential drop from the $0.73 it earned on the 3rdQ.<g> For 2011 the EE are around $1.57 which would be 23% lower than 2010 but still not a bad PE for FUQI In spite of the lower expected earnings in 2011, from a longer term perspective, the R/R doesn't look bad.<g> bigcharts.marketwatch.com Bernard

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