Wednesday, July 16, 2008

FUQI - Chinese Jewelry Retailer/Wholesaler

$1.35 estimate for next year trading at $9.10 as of today's close? CAGR of 20% +to boot

I am not sold on the short-term charts but I think this is a great play on the long-term growth of a chinese middle class and, at this price point, I think it is a great valuation so I started buying today @ around $9. $22 target based on the TA chart below (P&F Chart) as of 7.16.08.

Dan Ross

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