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China Gerui Advanced Materials Group Ltd. Message Board

  • whargarbl34 whargarbl34 Jan 29, 2013 4:22 PM Flag

    50/200 Golden Cross before the end of February

    CHOP will pull off the Golden Cross before the end of February unless there is 15% price drop. It could signal even better days ahead.

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    • Confirmed. "You heard it here first!"

      This has happened 5 times before on 2/8/2012, 1/11/2011, 3/9/2010, 5/26/2009, and
      12/29/2008. It's kind of interesting (if coincidental) how there was one per year, although just barely at the end of 2008. Each of the previous crosses saw an immediate short term decline in stock price, but that was of course when P/E was much higher, and this time looks different on the price chart since the price has roared over the course of two months. SUTR and CHOP both showed big gains today. Has CHOP finally found it's bottom at 1.06? Only the Dec 2012 report can tell...

0.27990.0000(0.00%)Oct 23 9:45 AMEDT

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