China Stocks Ripping Higher: DANG, BORN, SINA, BIDU, BSPM, ZSTN

Chinese stocks have been ripping higher over the last week as investors clamor for oversold mega bounces. Stocks like E Commerce China Dangdang Inc (NYSE:DANG) are surging again today, trading at $13.28, +1.05 (+8.59%). Just one week ago, this stock was trading under $10.00 per share. The same thing has happened to mid cap China New Borun Corp (NYSE:BORN). The stock hit a low of $3.50 in mid June and is now trading at $7.20, +1.31 (+22.24%). This is a classic 100% move higher in just weeks.

Two weeks ago the large caps China stocks started to bounce. Stocks like SINA Corporation (NASDAQ:SINA) had fallen from $147.00 to a low of $77.00. The bounce was gigantic, taking the stock from $77.00 all the way back to $114.00 today., Inc. (NASDAQ:BIDU) had the same thing occur. Many of these Chinese stocks are back within reach of its 52 week highs.

The bounces in the large caps have now stalled. The money rotation has now gone to the mid caps, lead by DANG, BORN and even RENN and YOKU. The common sense money rotation states that after the mid caps, the small cap China plays will be the next mega movers. Some of these China stocks may see upwards of 100% moves. Small cap Chinese stocks trading at their lows are Biostar Pharmaceuticals, Inc. (NASDAQ:BSPM) and ZST Digital Networks, Inc. (NASDAQ:ZSTN). There are many others out there. The key is watching them closely. When they start to go, jump on board.

About Gareth Soloway 168 Articles


Gareth Soloway has been an avid swing and day trader since his days at Binghamton University where he studied Economics. After college, Gareth quickly excelled as a financial advisor, helping clients get their financial houses in order. While helping others gain financial independence, he continued to study the day trading and swing trading world, developing a unique market philosophy and proprietary methods. Following his work in the financial sector, Gareth went on to trade alongside professional traders. Unable to tolerate the hype of Wall Street any longer and having an amazing ability to profit using his developed techniques, Gareth Soloway decided to partner with his friend and colleague, Nicholas Santiago to form Chief Market Strategist Gareth Soloway serves as the president and CFO of InTheMoneyStocks.Com.

Visit: InTheMoneyStocks

Be the first to comment

Leave a Reply

Your email address will not be published.