Thermonuclear! That’s how one AimHighProfits follower described Monday’s trading session on the penny stock of China Logistics Group, Inc. (CHLO). What our website alert said was to “flip it when they dip it.” Well, day two has now passed and there has yet to be a dip on CHLO stock, gaining an amazing 2840% after announcing they are expecting 2013 revenues to increase to $30 million. If that’s the case and the numbers line up when the 10-K is filed, this could be a prime candidate for the best penny stock of 2013.
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CHLO Stock Chart
Market Cap: 4.98M
Last: 0.1199 ▲ 0.0749 (166.44%)
Dollar Volume: $1,798,173
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Shipping companies that trade on the Nasdaq and NYSE have all been experiencing bullishness since the very end of 2012. Look at FreeSeas Inc. (Nasdaq:FREE) – it traded as high as 0.58 today, an intraday gain of 114% despite the threat of being delisted from the Nasdaq.
As China Logistics Group stated in their PR, “ Over the past two years the logistics and freight forwarding industry in China has suffered from both a weakness in global demand as a result of the European debt crisis as well as a significant slowdown in the domestic economy.” That statement could not be more accurate. Now that CHLO has firmly placed itself on the radar for traders, this will be one of those real deal penny stocks that stays around for quite some time.
The chart to the left shows Monday’s 989% gain and momentum CHLO attained. While the email alerts are touting a 5344% gain on CHLO stock, we made it pretty clear that their would be a gap open on Monday after only $338 of China Logistics Group’s stock traded on Friday, January 4, and even less the prior two sessions in 2013.
After opening at 0.0056 on Monday, CHLO longs have seen as much as 2840% in gains and some serious momentum.
About CHLO Stock
China Logistics Group, Inc., through its subsidiary Shandong Jiajia International Freight & Forwarding Co., Ltd., acts as an agent for international freight and shipping companies by selling cargo space and arranging land, maritime, and air international transportation for clients seeking primarily to export goods from China. Click here to view the SEC filings for CHLO.
Last 5 Trading Sessions:
Bottom Line: Sure, CHLO has had a mini dip for a few minutes as you can see from the charts from Monday and today, but there has yet to be a “tree shaking.” Unfortunately, now that the share price has risen so quickly and a base hasn’t had a chance to properly establish, those who “short” penny stocks are circling around CHLO stock by now looking to take advantage of a good situation. Hopefully they get squeezed out like the pimples that they are, but caution moving forward and profit taking is highly recommended.
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