China Integrated Energy ( CBEH): The old saying "timing is everything" rang true last week, as CBEH shareholders (of which I am one) got disappointed by the $5.75 pricing of the secondary offering. A few weeks earlier, and it may have been priced higher. Look for new research coverage and a management team fired-up to deliver. With almost 90 cents a share in 2009 estimated earnings, I said buy below $7.00. I'm sticking with it. (Disclosure: I own this stock).

Bank of America ( BAC): I said I may live to regret this pick, and it hasn't taken me long to live up to that concern. They need a new CEO and to get the government out of the business and then I really believe their franchise will pay off. I recommended it at $16.50 and it's $14.50. Hold it for now.

QKL Stores ( QKLS): Since I recommended this stock last month, it moved to the Nasdaq and looks like it's about to complete a secondary offering. With more cash, it can fuel its 100% growth rate. Watch to see how well the secondary does and what its quarter earnings look like. If both go well, watch out! This one could really move higher quickly. (Disclosure: I own this stock).

At the time of publication, Sumichrast was long CBEH and QKLS.

Co-author of multiple books in real estate and finance including "The New Complete Guide to Home Buying" and "Opportunities in Financial Careers", Martin Sumichrast brings a wealth of experience in the financial markets. Internationally renowned, he was involved in the re-emergence of Eastern and Central Europe after the collapse of the Soviet Union and the Chinese expansion into the U.S. capital markets. You can learn more about Martin at www.SumichrastReport.com.

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