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Increasing volume.
Close above the 50-day MA
Breakout above BB.
http://stockcharts.com/h-sc/ui?s=jrjc
JRJC breakout
Up another 20% this morning, nice.
Sully-
Did you get in this?
It's had an amazing run, I'm trying to pinpoint the reason for the huge advance. It seems many other Chinese companies have much better fundamentals. I checked out JRJC late in the session yesterday and dismissed it due to being too expensive. Do you know what the catalyst is for this run?
Quote from: bjc on September 20, 2007, 12:30:39 PM
Sully-
Did you get in this?
It's had an amazing run, I'm trying to pinpoint the reason for the huge advance. It seems many other Chinese companies have much better fundamentals. I checked out JRJC late in the session yesterday and dismissed it due to being too expensive. Do you know what the catalyst is for this run?
I wish I did. I have no real idea why the tremendous rally. I ran across it while checking out a couple Chinese ETF's largest holdings.
This is just crazy :o
Yes, kslifka. It kinda pisses me off :)
???
Quote from: bjc on September 27, 2007, 01:04:42 PM
Yes, kslifka. It kinda pisses me off :)
???
Probably would have been a great short today above $44. Might have been a blow off top. When she falls, it'll probably be fast and furious.
what a monster !!!
gaping up this morning ./.
The rally took place because subscribers went from about 4,000 to 37,400 in Q2!
JRJC shares are fairly valued at $30 per share given current subscription projections, heres why:
http://www.chartsetups.com/articles/49/1/JRJC-Subscriber-Dependant-Valuation/Page1.html
I think JRJC represents tremendous value here. Really cheap given growth prospects. I'm going to buy some soon, like this one as well as EJ.
China euphoria will undoubtedly strike again, IMHO, and I think stocks like this with great fundamentals going forward should rally a good amount.
Nice day on JRJC. The fundies are excellent, this may pop big time..
Lots of volume today....will probably close at the HOD.
update
In JRJC at $19 this morning. After the earnings release last week and following break-out.
Have a target of $26. :) We'll see in this weak market though.
chart update
update