FUQI, New Chinese Stock below IPO price

Discussion in 'Stocks' started by qll, Oct 29, 2007.

  1. qll


    FUQI IPO priced at $9. It is under $8 now.

    FUQI International, Inc. Announces Full Exercise of Over-Allotment Option
    PR Newswire (Thu, Oct 25)

    The plan is to shoot this baby back to $10+ level within 2 weeks for quick 25%+ gain. Just watch the volume.
  2. S2007S


    under $8...
  3. This company is in a really stagnant industry which is why it sold off:

    uqi International, Inc. engages in the design, manufacture, marketing, and wholesale distribution of precious metal jewelry in the People's Republic of China. It offers basic gold jewelry, as well as a range of products that include rings, bracelets, necklaces, earrings, and pendants made from precious metals, such as platinum, gold, palladium, and Karat gold. Fuqi also manufactures gold bars, gold coins, gifts, and other gold charms and customized products, as well as jewelry studded with diamonds, emerald, jade, and semi-precious stones. The company was founded in 2001 and is based in Shenzhen, the People's Republic of China.
  4. qll


    with gold price up. there is a high demand of gold bars in china.
    the P/E is only 16. market cap is small too. newly IPOed company.

    as we speak, the price is moved back to $8.
  5. Pump and dumper
  6. Looks good to enter under $8 on the dip.

    I'll keep it on my radar.
  7. qll


    Up 11% today.
    No kidding from your Best Chinese Trader Friend.

    Next stocks in the pipeline: RCKY, VOXX, AWX, CFC, DELL