SHZ is no longer mistaken for a rare earth play, and I believe that it won't take long before it will no longer be mistaken for a credible fluorite play. This week, the stock was already showing weakness, dipping as low as $3.76 on Tuesday. Given that the only factor driving up the share price was a recent press release on fluorite quotas, I am confidant that this one will find its way back into the $1 to $2 range fairly quickly.Disclosure: the author is short SHZ. The author can be reached for comments at firstname.lastname@example.org.
Blindly Shorting China Stock Yields Big Return
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts