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Post by JHam on Jan 14, 2020 1:06:51 GMT
This week looks to be big for Chinese stocks with the anticipated trade deal. Some have already started their move out of the station, but could still be potentially rewarding.
Watching the following stocks and will probably make a move on some tomorrow if the price is right:
CCCL
CNET
CPHI
CIFS
KBSF
To name a few...good luck to anyone who tries to dabble.
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Post by JHam on Jan 14, 2020 14:17:06 GMT
I’ve chosen CIFS as my China dark horse (for now). Opened a medium position pre-market at $1.24.
This is not a long term play. All of the stocks I listed above are almost exactly down around 100% since the beginning of this trade war last year. Even if this new deal is not much better than what we had before, hopefully it will not bf it back to where we started. That’s the strategy at least.
I chose CIFS because insiders own 65% of the common and because it still has the most to grow to get back to where it was before the trade war out of all of them.
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Post by JHam on Jan 15, 2020 13:46:49 GMT
All right, I am out of CIFS. I cold feet watching most of these stocks, CIFS included, dip down pre-market. I averaged down to $1.19 and just sold at $1.15 so no biggie. I think the problem is is that no one knows what this trade deal says and if China will even comply after signing it.
I did buy some ESEA (shipping company) at $4.21. While not a Chinese company they are a solid company that should be positively impacted by an end to this trade war. Very low float and management is aligned with shareholders.
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Post by lcd on Jan 15, 2020 14:09:39 GMT
JHam, your post spurred me to look into those stocks because it is tempting for a short term play, but it is tough to determine if they will rebound or if they lost too much to ever recover. They might just be replaced by other companies that didn't suffer catastrophic share price losses.
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Post by JHam on Feb 12, 2020 16:49:38 GMT
Just sold my entire ESEA position for a 22% gain. It was up big on conference presentation news which is a nothing burger for me, but thanks to the low float it skyrocketed. I am still keeping this on my watch list and am looking to re-enter, but think that it is going to trade sideways until the coronavirus is under control and we have some confirmation on the china trade deal.
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Post by JHam on Feb 15, 2020 1:21:11 GMT
Back in $ESEA at $2.96.
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Post by JHam on Mar 4, 2020 15:12:53 GMT
I loaded up on this one yesterday with DYAI profits. Glad I did cause shippers are on the move today.CTRM, GLBS, ESEA, all up big time. |
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Post by JHam on Apr 20, 2020 19:28:55 GMT
Shipper stocks are liking this oil price news. ESEA up over 50% at the moment.
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Post by JHam on May 27, 2020 13:38:11 GMT
ESEA is up big time on good earnings news. Don’t own any at the moment, but have been following it. Oh well, can’t win them all.
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