When Chinese Stocks Run On No News, Look Closer
Nicholas Santiago | Nov 26, 2012 01:59PM ET
Chinese ADR's are finally waking up with a vengeance. These stocks have been in an arctic winter for years, it seems, as the Chinese economy has slowed and problems with accounting have mounted. These problems may be in the rear-view mirror, now, and some of these stocks are trading at insanely cheap valuations.
Today, China BAK Battery Inc. (CBAK ) is ripping higher, trading at $3.12, +1.40 (81.40%). This is just one of the Chinese stocks pushing higher.
When stocks like CBAK start running on no news, you have to start watching other Chinese ADR's. An 80% move is something that is significant to any investor and if it is replicated in other Chinese stocks, you need to be a part of it. I will be alerting my members to any Chinese plays that look like they are going to blast higher.
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