FUQI, New Chinese Stock below IPO price

This company is in a really stagnant industry which is why it sold off:

uqi International, Inc. engages in the design, manufacture, marketing, and wholesale distribution of precious metal jewelry in the People's Republic of China. It offers basic gold jewelry, as well as a range of products that include rings, bracelets, necklaces, earrings, and pendants made from precious metals, such as platinum, gold, palladium, and Karat gold. Fuqi also manufactures gold bars, gold coins, gifts, and other gold charms and customized products, as well as jewelry studded with diamonds, emerald, jade, and semi-precious stones. The company was founded in 2001 and is based in Shenzhen, the People's Republic of China.
 
Quote from stock_trad3r:

This company is in a really stagnant industry which is why it sold off:

uqi International, Inc. engages in the design, manufacture, marketing, and wholesale distribution of precious metal jewelry in the People's Republic of China. It offers basic gold jewelry, as well as a range of products that include rings, bracelets, necklaces, earrings, and pendants made from precious metals, such as platinum, gold, palladium, and Karat gold. Fuqi also manufactures gold bars, gold coins, gifts, and other gold charms and customized products, as well as jewelry studded with diamonds, emerald, jade, and semi-precious stones. The company was founded in 2001 and is based in Shenzhen, the People's Republic of China.
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with gold price up. there is a high demand of gold bars in china.
the P/E is only 16. market cap is small too. newly IPOed company.

as we speak, the price is moved back to $8.
 
Up 11% today.
No kidding from your Best Chinese Trader Friend.

Next stocks in the pipeline: RCKY, VOXX, AWX, CFC, DELL
 
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