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Microcap & Penny Stocks : KINGOLD JEWELRY, INC. of CHINA

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From: manalagi7/30/2010 1:37:53 PM
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James Altucher bought the stock after his article was published.

KGJI.OB closed at $ 2.65 on 7/27/10- and has been moving north since that James' article.

The 52 wk range is $ 0.03 to $ 5.00.

The company makes money and has a strong balance sheet. This is unusual for a stcok under $ 5/share. The current ratio is over 4:1 with no L/T debt. Sales have been increasing YoY.

Remember that the Chinese people like to wear gold jewelries as a show of having money.

I plan to put my shares in safe deposit box and look it back some years later when gold reaches $ 2,000.
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