59% in 1 year! So the ID, gui kim young, showed foresight when he bought at 17 and now it\'s 27 cents. I am referring to the posting by scbchan. Only trouble is, this stock is not for trading. More for long-term holding, if you believe it is undervalued and the textile industry is going to rebound.
I have been holding Hongwei for the longest time. I was seriously considering selling but after seeing the very very strong support given by the insiders I have decided to wait it out.
Why do you like this stock? I have not seen any analyst coverage of it. I wonder what are the valuations and fundamental attraction of this bugger. I found a story on insider buying and wish to know more - and why Tembusu likes it. Huat ah!
www.nextinsight.net/content/view/1502/60/
Sleepy stock suddenly swiftly shot up in volume this morning with abt 3 m shares done in 15 minutes. This is a textile industry recovery play. Does it mean other textile stocks will jump also? I think the lady who is Hongwei\'s boss\' spouse could see the boom returning to the business, and did the smart thing. She went shopping for Hongwei shares early to get \'discount\'. The article here has more info:
www.nextinsight.net/content/view/1987/79/
finally found this thread buried deep. no posting on Hongwei for the last 7 months, but was looking at top volume this morning - the stock volume now at 5 m shares n first 45 minutes.
Is Hongwei going to run like China Gaoxian?
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