To OTC Journal Members: 
 

Spencer Pharma (OTC PK: SPPH): You Should Be Out

SPPH was a 100% technical idea, and technically the stock does not look good today. It's still trading monster volume at over 2 million shares. I suggested risking 10%. The stock opened at $.61, made a high of $.64, and is now $53. If you followed my advice and were willing to risk 10%, you should be out now. I said this was for nimble traders. 

Friday, the stock came down early in the day, then closed at a new high. It could happen again, but the 10% stop is violated. Your call from here.
 

China Shandong (OTC BB: CSNH): The Symbol That Was

Do you remember China Shandong? I published on this idea on October 23rd, and this is the one where I couldn't get the symbol right. CSNH is the symbol- I know I've got it right this time. 

CSNH delivered really strong numbers on Friday post close, and the stock is up today along with Bohai Pharma (OTC BB: BOPH)- up 5% on good volume- I covered those numbers already. 

On CSNH- The top line came in for the quarter at $22.7 million- up 54% from Q3'09. The bottom line was even better- Net profits of $4.38 million, up 86% over Q3'09. This translates to fully dilluted earnings of $.30 for the quarter, or $1.20 in EPS on an annual basis.

So, where can you buy $1.20 in EPS for $4.60? China- where else. The stock is worth $10- it's just a question of when. 

Home Page : www.otcjournal.com
Email Questions or Comments To: editor@otcjournal.com