Xinhua China Ltd. (Xinhua China) is a development stage company. The Company is focused to develop a plan for funding, sales, marketing and other benefits relating to China. It operates mainly through its subsidiaries. As of June 30, 2008, its subsidiaries included Pac-Poly Investments Limited and Beijing Joannes Information Technology Co Ltd. (Joannes). The business focus of Joannes is building online communities with connectivity to an ecommerce engine, which allows for the online purchase of e-books, e-audio, and computer games.
XHUA - Xinhua China Ltd.
I agree. The stock lost all support once the Dow took a 400 point hit, but it may have found a bottom and looks like it could bounce hard.
Im gonna be like the other cool kids and say..
BREAKOUT!!!!
I mean, i agree.
I like this one so far. Just found it by myself, so thats a good sign.
update:
Can a bottom bouncer keep the same price 3 days in a row? Looking at the chart it hasn't done this in a year. Somethings up!
Whats your exit strategy on this one?