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Universal Travel (AMEX: UTA)
Makes New All Time High |
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My mantra- and I know you're going
to get sick of hearing it. China, China, China- but the right companies
in China. Either energy savings/infrastructure build outs, or domestic
consumer oriented companies doing real numbers. You'll make a lot of money
if you stick with me in this arena.
And, speaking of consumer oriented
companies- China based travel agency Universal Travel (UTA) made
a new all time high yesterday. I introduced it to you on June 7th at
$8,
and it's off to the races.
I couldn't find any news related
to the huge volume surge. But, here's a guess. On July 21st the company
made an SEC filing stating they would not be filing a registration statement
on behalf of investors from last year.
Perhaps there was a big short position.
Perhaps some short against their position becoming free trading, and they
were squeezed. I don't know. It doesn't make any real sense when one considers
the investment was made last September, and under the current Rule 144
exemption, those investors would only have to wait 6 months to have free
trading shares. Who knows?
At any rate- here's what I do know.
Look at this volume and price spike. Outstanding. Don't buy it now, and
if you're a trader, you might want to sell some. However, my price target
on this one remains $20- but only accumulate on a pullback is my
advice. That's a 72% move since early June- 144% on
margin.
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NF Energy (OTC BB: NFES):
Moves To the Big Leagues |
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NF Energy (NFES)- my current
favorite micro cap China infrastructure idea, almost made a new all time
high at the close yesterday. Intraday it traded to $1.15-
which was a new all time high. It closed at $1.10- a few pennies
under the promised land.
I suspect by the time you read this
NFES
will be solidly in new all time high territory, and heading higher. I certainly
hope so. The news today was rather robust, and this stock is developing
quite a following. Volume on a daily basis is increasing as the stock moves
higher.
Just before the open today, NFES
announced it has entered into a "Strategic Cooperation Agreement"
with
GE Enterprise (Yes, a subsidiary of the GE) to "Jointly Evaluate
Customers and Projects.
Little NF, with it's $14
million in trailing revs and $4.3 million in profits,
is getting in bed with the really big boys. There's no assurances this
news will lead to new business, but to an investment community just starting
to follow this stock, it will represent a kind of "third party endorsement"
to their technology.
If you want to know more about GE
Enterprise, their web site is
http://www.gedigitalenergy.com. I don't have any annual revenue figures,
but as a subsidiary of GE (NYSE: GE), you know they are going to
be big.
Here's what the chart tells me- higher.
It's that simple. My $2.50 price target remains. This one
is headed for super stardom, and it's not too late on NF Energy
to participate. This is still early stage. I believe they will generate
at least $20 million in revs this year with EPS in the $.15
range. Could be more.
Here's the text of the release FYI:
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NF Energy Saving
Corporation Executes Strategic Cooperation Agreement with GE Alliance to
Develop China Energy-Saving Market
SHENYANG, China, July
29 /PRNewswire-Asia/ -- NF Energy Saving Corporation (OTC Bulletin Board:
NFES; "NF Energy"), a Chinese leader in energy efficient flow control systems,
today announced the Company has signed a Strategic Cooperation Agreement
with GE Enterprise Development (Shanghai) Co. LTD ("GE"), a GE subsidiary,
to jointly promote sustainable market development and to cooperate in energy
savings projects in China.
GE and NF Energy will
cooperate to jointly market and develop energy savings projects in China.
"We are glad to partner with GE in developing the Chinese energy-saving
market," commented Mr. Li Gang, Chairman and CEO of NF Energy. "It is definitely
a win-win cooperation. The energy-saving market perspective is very strong
and is supported by favorable Chinese government policies that promote
and reward these types of projects."
About NF Energy Saving
Corporation
Website: http://www.nfenergy.com
NF Energy Saving Corporation
(OTCBB:NFES - News) is a China-based provider of integrated energy conservation
solutions utilizing energy-saving equipment, technical services and energy
management re-engineering project operations to provide energy saving services
to clients. Headquartered in Shenyang city of China, the Company currently
has 220 employees and several proprietary energy saving technologies and
patents.
Safe Harbor Statement
This press release contains
certain statements that may include 'forward-looking statements' as defined
in the Private Securities Litigation Reform Act of 1995. These forward-looking
statements are often identified by the use of forward-looking terminology
such as "believes, expects, anticipate, optimistic, intend, will" or similar
expressions. Such forward-looking statements involve known and unknown
risks and uncertainties that may cause actual results to be materially
different from those described herein as anticipated, believed, estimated
or expected. Investors should not place undue reliance on these forward-looking
statements, which speak only as of the date of this press release. The
Company's actual results could differ materially from those anticipated
in these forward-looking statements as a result of a variety of factors,
including those discussed in the Company's periodic reports that are filed
with and available from the Securities and Exchange Commission. All forward-looking
statements attributable to the Company or persons acting on its behalf
are expressly qualified in their entirety by these factors. Other than
as required under the securities laws, the Company does not assume a duty
to update these forward-looking statements.
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