March 12, 2010 (Chinavestor) Shares of Acorn International (NYSE:ATV) fell -14% by 10:10 A.M. following worse-than-expected earnings announcement. We're of a view that a -30% drop or more may be on the way. Here is why.
China stock news
Baidu makes it to $550
March 10, 2010 (Chinavestor) Share price of Baidu.com (NASDAQ:BIDU) broke through another psychologically important level today and touched above $550 for the first time ever. If this came as a surprise to some let me remind you that BIDU was far from overbought this morning - was trading far from theoretical highs and was making a gradual climb to $550. Another positive development is that high underlying volume suggests money flows remain strong for the stock limiting downside risk.
The following chart records the chronology of the latest development.
If you like the chart above, consider this. Baidu.com (NASDAQ:BIDU) is not only not overbought but is trading just at the high end of the trading envelope, displayed by the following chart. This in turn suggests more upside is possible - or rather that any pullback is not imminent. As always, we may be wrong but it looks at this point that Baidu.com (NASDAQ:BIDU) may make it to $600...
Fushi Copper reports record profit, strong sales - but guides lower
March 10, 2010 (Chinavestor) Shares of Fushi Copperweld (NASDAQ:FSIN) opened over +6% higher on Wednesday following a record 2009 fourth quarter financial report. Revenues and earnings increased from previous quarter and from same quarter 2008 helping the stock to continue the advance it started in the middle of February. But the overbought indicator picked up the sudden price increase of the company, suggesting upside may be limited after today's big day.
Banner year for EJ with cash dividend
March 9, 2010 (Chinavestor) E-House Holdings (NYSE:EJ), a Chinese real estate agency and brokerage company, reported 2009 full year and fourth quarter results that blew away previous expectations. Besides strong revenue and earnings growth, EJ decided to pay out a cash dividend to deplete significant cash pile.
Don't be goofed by Q4 results: Home Inn remains undervalued
March 4, 2010 (Chinavestor) Chinese hotel chain operator, Home Inns & Hotel Management (NASDAQ:HMIN) released 2009 fourth quarter earnings today. Last quarter revenues increased from 2008 but fell slightly compared to the previous quarter. Nevertheless the company reported +38.7% revenue growth for full year 2009 compared to last year.
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