Chinese ADR’s Signal Shanghai Bottom: Buy On Pullbacks

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Just last week, the Shanghai Index surged 3% after a long bear market decline.

With the index sitting at multi year lows, this was the signal many were hoping to see for a possible bottom. Investors in the U.S. are rejoicing as well, running into Chinese ADR’s. They are seeing a possible bottom as well., Inc. (ADR) (NASDAQ:BIDU) hit a low of $85.96 last week. Today it sits at $93.54, +1.79 (1.95%) on the day. SINA Corp NASDAQ:SINA) and Inc. (NASDAQ:SOHU) are both having strong days and moving off recent lows. Even small cap Chinese stocks like China Auto Logistics Inc (NASDAQ:CALI) have seem a dramatic move up recently as growth in China appears to be reemerging.

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bidu12.11.12 Chinese ADRs Signal Shanghai Bottom: Buy On Pullbacks

in the money stocks logo Chinese ADRs Signal Shanghai Bottom: Buy On Pullbacks Contributed by In The Money Stocks


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