Wednesday, October 10, 2007
Update on Harbin Electric (HRBN)
I dropped YTEC from the list of undiscovered stocks now, as I mentioned few days ago, but HRBN is still here. It barely gets 100k day. With its float less than 4 mil, and just awesome fundamentals, earnings and revenues projections, and trading near all time high, I see it's just waiting to make a significant move.
Notice how very small fluffy PRs move the stocks lately? SEED - latest example. Company with not so good earnings announced earlier, moved up 60%+ today on very small PR that it's named as one of 200 (!!!) companies of some list.
Or CHNR going up on just pure momentum without any real news.
Imagine when HRBN releases good PR as it always does. It's not a question of "if". It's just a question of "when". Volume of anything over 300k will take it very high. For now, it still remains an "undiscovered" stock.
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