Fuqi

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  • yoyomama
    Senior Member
    • Mar 2009
    • 219

    Fuqi

    $20.35...is it done?

    I'm tempted to get back in.
  • steelman
    Senior Member
    • Jun 2008
    • 648

    #2
    Fuqi

    Originally posted by yoyomama View Post
    $20.35...is it done?

    I'm tempted to get back in.
    Still looks great. The jewelery industry is still outperforming, FUQI EPS ranks higher than all other companies for the last 5 years. My projected price shows $35.07 but who knows when it will hit that. Keep an eye on the chart. Stochiastic is close to going above 25 and it's still below it's 30 day moving average, but closing the gap. Be in if it goes above it's 30 day MA, maybe with some spike in volume because it was only a coupe months ago that was at the $30 level. I am going to keep an eye on it and if I can sell some others, I might get in FUQI.
    Best,
    Steel
    It's time to Grab the Bull by the Horns!

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    • yoyomama
      Senior Member
      • Mar 2009
      • 219

      #3
      I've been looking/reading around.
      There is a ton of short interest...short squeeze on the horizon?

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      • wooish
        Senior Member
        • Dec 2008
        • 499

        #4
        I'm actually looking into this too. I'm pretty bullish on this stock but instead of buying the stock at $20 I'm considering buying option call to give me more leverage.

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