This one is interesting. Scanner picks it up on a second bounce off an all-time low, on all-time high volume last Thursday. A whole boatload of shares changed hands, with a relatively small uptick in price. Intraday charts show a big dip EOD Wednesday, the huge volume right at market open on Thursday, with a price recovery following.
Our goal is to leverage the distribution network built up over 60 years by the Xinhua Bookstore. We will modernize book distribution in China in order to take advantage of one of the fastest growing economies in the world. With Western-style management and a focus on profitability we will continue to develop strategic partnerships with worldwide content suppliers. Our established rural and urban network of retail outlets results in Xinhua being uniquely positioned to take advantage of the new open economy and assist our international partners in distributing their content in China.
The only insider dealings I could dig up were the CFO and CEO exercising their stock options a year ago. Also some recent news news and financials from yahoo finance. Definitely a mixed bag here.
I'm guessing if it doesn't dip back below 1.44, it may go as high as 2.2 ...
Posted by fourseven on :