China Stock Rally
Ian Wyatt | SmallCapInvestor Daily | March 5, 2010
Remember what I've been saying for the last couple of weeks, "Should the index move thorough 620, then 660, I'm looking for a big move higher to 725." So far today, encouraging data out of the U.S. Labor Department and a successful bond sale in Greece look to propel stocks higher toward this level.
This morning's U.S. employment data release is the main catalyst today. The consensus estimate was for 68,000 non-farm job losses and an unemployment rate of 9.8% during February. Results showed a loss of 36,000 non-farm job losses and an unchanged 9.7% unemployment rate. Both results are better than expected. What's more, China's Premier Wen Jaibao came out with a statement that Beijing will continue to control inflation despite stimulus spending. He said that his spending should help the country hit its 8% growth target on the year.
Today we’re seeing China stocks rally, and several in the Small Cap Investor PRO portfolio are moving higher. We're sitting on gains like 108% on our China agriculture stock, 74% on our natural gas stock, and 30% on our electronic payment terminal stock.
With each of these investments we've added companies that are largely undiscovered by Wall Street analysts. And I'd like to offer you the opportunity to take advantage of a limited time offer to join our group of independent investors at 50% off the normal subscription rate to Small Cap Investor PRO!
****In Saudi Arabia, they have a National ID Card that is tamper-proof and virtually impossible to counterfeit. The smart-card carries biometric information on the holder, including fingerprints and demographic information.
India has 4 million Vehicle Registration smart-cards in use. With one swipe, transportation officials can verify that registration fees and insurance are current, and even get information about the vehicle itself.
Italy now uses smart cards for Citizen, Foreign Resident, and National Police identification. In France, all of your medical records can be contained on ID smart-card.
The technology is also in the U.S. where the Department of Homeland Security and the military are using smart cards for identification purposes.
SmallCapInvestor PRO readers are buying a leading Smart Card company that's got a forward P/E of 9, a PEG ratio of 0.4. The company does $59 million in annual revenue and has $3.45 per share in cash.
With those shares trading for just $6.50, it's extremely undervalued. But that's not going to last. With over 900% earnings expected this year as more governments transition to smart ID cards this stock has tremendous upside potential.
And starting today, you can get all the details on this stock, PLUS a one-year subscription to SmallCapInvestor PRO, for just $99.
But there is a catch. I can only accept 200 new members to SmallCapInvestor PRO. So as soon as we hit that threshold, this offer will be closed. That could happen as soon as this evening, so don't wait. Click here to get 50% off the annual subscription price of the market-beating Small Cap Investor PRO advisory service and get the details on the dynamic smart-card company we're buying now.
