Greater China Junior Stocks Message Board

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Strategies & Market Trends : Greater China Junior Stocks

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To: hui zhou who wrote (1158)	3/4/2006 11:55:39 AM
From: RealMuLan	Read Replies (1) of 1992

CTGLF -- I sold mine too early, at 0.15 or so. I bet it will come back down. I notice that many Chinese now open account in Ameritrade, Scottrade... and many of them do not have much money. So they choose, mostly, penny stocks. That is one reason why plenty of Chinese penny BB stocks are flying in recent months. And those small early Chinese investors CANNOT sell their shares without the further approval from the company. See my post on BBC. AOB has same problem. The most important reason for these stocks can stay in the current value is that most of their shares are still restricted. And those early investors are NOT idiots. They will stand up to fight for the right to sell their shares. And by the time they have the right, watch out below. But not every Chinese company has this kind of problem. I have not seen any SVA shares listed on 1.5 market. BTW, SVA, if can close >$4.3, it will have a reversal of trend. Too bad, I was at work last Thurs., so did not caught the day low and then 15% reversal on the same day.

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