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Microcap & Penny Stocks : CHCL: China Continental, Inc.

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To: jccodez who wrote ()3/1/2000 1:40:00 AM
From: kinetic   of 64
 
Bought some CHCL two weeks ago. As the price has gradually declined I've revisited some of the reasons for which I had scooped up shares in the first place. The financials, particularily it's cash position and profit margins, inspire complete confidence in this company, and, perhaps only it's foreigness fosters skepticism among potential buyers. While I think at 1.35 it's a complete steal, in the end what I think isn't going to move the stock, so until I see some more buying, I'm not adding to my position. However, if we break out of this range we've been in the past couple of weeks, and take out $2 a share, I will be all over this one.
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