new acceleration metric in price - 20 day moving average crossing up over 100 day. This is the first time that has happened after a flat / stagnated low price, since 2009 when it went from $4 to $8 within a few months.
Very different situation here with 1.6 million shorts, few shares to sell and price earnings sitting at 0.6!!
Market cap is still only 30 million.
Guidance from July... Jeff Chan, Chief Financial Officer of China Integrated Energy, said, "For financial year 2011, the Company's sales are currently expected to be $497 million and net income is expected to be $41 million.