at 1.78.... It had excellent ratings and matched earnings estimates but then got Myrdered! Now it is slowly moving back up (probably because of new rolled steel orders coming in from JAPAN) but not very quickly. Does anybody have any Ideas about what is holding CPSL back?? Bases on research - - and IBD ratings, I thought I would be well over $2.00 by now. ITS STEEL MAN!!! IN CHINA!~!!.. it has to go up!
I can't say for sure but I think it has to do with the fact the market doesn’t trust Chinese Micro / Small cap stocks. I read a news article some time ago about that.
I owned this company a while back and took a real beating bought way to high. Just a thought if Chinas economy is going so strong that they have to raise interest rates and CPSL is not moving? I owned CPSL CDII CIIC CSGH and others.
My self I stay away from I’ll say most of China stocks .