$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.
http://stockcharts.com/charts/gallery.html?fuqi
Dan Ross
http://www.BetterBizIdeas.com
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment