All the attention has been on InterOil (IOC), and for good reasons, but that doesn’t mean there is nothing going on in some of the other stuff we’re following..
They’re still very cheap, but once again, the chart looks like we might be running out of steam (at least for now) in the rally, at least temporarily.
Another company we’re following, without having issued any kind of advice is China Security (CSR). We were so busy that we forgot to write here what we, in fact, did write on a message board last week that $5.8 would be an excellent entry point (and we now notice the ratings, which will be collateral damage from our efforts to expose the naysayers at InterOil), and that turned out to be the case so far.
You can see why we didn’t advice to buy a couple of weeks ago, although we do like the stock fundamentally, although not as much as either eFuture (EFUT) or Fuqi International (FUQI). We’re waiting for a better entry point, although we would be quite surprised if buying here would not provide a nice return in a year or so.
We’re also cautious at this time because we think the markets in general will trade sidewards at best for quite some time.