Chinese penny plays gone wild!
March 05, 2010 12:25 PM
If your a trader keep an eye on the following plays: LLEN (L&L Energy, Inc), SHZ ( China Shen Zhou Mining & Resources), SPU (SkyPeople Fruit Juice, Inc. Com, Cop), CHOP (China Gerui Advanced Materials)..Momentum is comming in due to the recent run up in SCOK (SinoCoking Coal and Coke Chemical)..
SCOK looks like it should do a 10-15 point pullback soon as it should follow past years low float momentum plays.(MXC and ANTP)..look for a pullback to around the 38 area on this one fast...if not today then either Monday or Tues. I am currently short some SCOK and long those other 3 china plays as hedges..


























