by Travis Johnson, Stock Gumshoe | May 13, 2010 4:58 pm
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Yong is inviting- almost all agriculture related companies should do well. What gnaws at me is the continued attention that the Timmins area mining co. Explore receives; don’t know exactly why i’m buying.
YONG is in a downtrend and technically it’s in poor shape after 3 consecutive sell signals. Expect it to fill the gap at 7.20 and possibly re-test the low close at 6.86. If the low close doesn’t hold, watch out for 3.50. If the low close holds, that would be a good place to buy it. But I’m not holding my breath on any of the China stocks. For example, FXI (presently at 38.88) should hit 33.00 and then 30.00 before I’d be interested. If you must buy the “story” at least buy it low.
I have bought and sold YONG since 8/18/09 and currently have a fairly large position as I believe agriculture and other commodities are a good place to be in this turbulent world. I am generally a long-term value investor, though I have been known to day trade as well.
YONG has been trading since early in May 09 and technically does not look great right now. As a bottom fisherman and technical analyst these times are the times I tend toward accumulation. I always avoid a maximum of 10% loss in any position.
I could not find a place on your site to contact you, so have chosen this way, though my message has nothing to do with Yongye. It is about this teaser, which I am pretty sure I have identified as ERII. It was trading at $6 very recently, though now down to $4.29. Do you have any comments on this company? THe teaser is from Green Chip Stocks, and I have abbreviated it:
Bigger Than The Internet
GE calls it “the biggest investment of the first half of the century.”
Cisco has claimed it’ll be “1,000 times bigger than the internet.”
It’s called the smart grid. And it’s already generating fortunes.
Click here to get all the details and claim your share today.
Money in the Mediterranean
….the whale arrived just in time to witness the inauguration of the largest reverse osmosis desalination plant in the world.
Costing nearly half-a-billion dollars to build and with a network of pipes reaching far into the sea, the plant can take the salt out of 33 billion gallons of freshwater each year.
It’s the third of five such facilities that will dot Israel’s coastline, eventually providing two-thirds if the country’s drinking water.
I must emphasize this point. These plants will provide 66% of Israel’s drinking water.
The company behind them is IDE Technologies, and this outfit is doing nothing less than banishing water shortages from the face of the earth — a goal that has been ambitiously pursued by the entire world for decades.
Israel sees the impact, and has already allocated $500 billion to ensure the plants are connected to the country’s water distribution system.
The big boys — GE, Siemens — will be building and operating the world’s desalination plants. But they won’t do you any good as an investor.
Sure, they’ll stay on par with the market, but they can’t double — or even triple — your money in relatively short order.
But there’s one company that can; one that already provides a crucial part of desalination plants to behemoths like GE and Siemens.
This company even has its parts in Israel’s new series of desalination plants.
The piece they make, detailed in this report, dramatically reduces the cost of desalination. In fact, this company holds the key to making desalination affordable for everyone everywhere.
Big name investors are already on board, as they know the share price will soar along with the use of desalination.
Not only will the share price rise, but the company is also a major buyout candidate as global conglomerates jostle for market share in this valuable industry.
Investors and world leaders are already salivating over this technology. And you can own a piece of it, right now, for less than $6.00 a share.
Nick Hodge
Nick