Sino-Global (NASDAQ:SINO) Could break $12 and really gain some momentum

From last night:

SINO - Watch for the $10 test, that is the all time low from this recent IPO. The big players in this deal may try to hold it there and a 50% bounce is possible as we saw earlier. It has not yet tried to bounce and has lost nearly all volume. If $10 breaks watch for the panic to play the bounce. If it dips more than 50 cents I will probably take a starter position since theres not too much downside risk, IMO. Again only a small position so that I can sell easily with a small loss if it does opposite of what I am thinking, or I’ll have the ability to add to the position if I want to let it slide a bit before it attempts another bottom.

Already has bounced over a dollar from lows, watch for the $12 break to confirm a poential momentum play.

GTE also approaching $7

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This entry was posted on Tuesday, June 10th, 2008 at 10:48 am and is filed under Plays, Recaps. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.