Tuesday, May 5, 2015

These Stocks Could Double From Here... or Fall in Half

 Chinese stocks ripped higher again this week...
 
And True Wealth subscribers are making even larger profits. Editor Steve Sjuggerud has been bullish on China since September.
 
For a good summary of his bullish thesis, you can read this DailyWealth essay. In short, China was cheap and the government was easing to boost the stock market and encouraging individuals to participate.
 
 The Shanghai Stock Exchange hit a fresh seven-year high earlier this week on speculation that the Chinese government would begin consolidating its state-owned enterprises – like oil giants PetroChina and China Petroleum & Chemical Corp ("Sinopec"), whose shares both rose 10%. (The Shanghai Stock Exchange limits stocks from rising or falling more than 10% in a single session.)  (more)

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