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China Aviation
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is this worth investing
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Salute
Master |
05-Apr-2010 21:26
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guess everyone knows this company's history well. now put the past aside, this counter has been quiet until beginning of March. Since then the company kept buying back shares at around $1.18 till 29/3. then on 27/3 the magazine published the interview with it's CEO, about they have go full force securing storage tanks in many countries for their jet fuel oil, then immediately prx sparked to $1.38 then today near $1.50. can some who know this trade well correct me if this kind of oil expensive and rare? Do you think there will be more and more rich that will take private plane(isn't this what one of their main business strategies)? is the change at this moment a very wise strategy that will bring in much better profit? Via observing the way the company buying back shares, I wonder if it's because they knew well about this coming media publication on 29/3 and this prx/counter is more a speculating counter or is the future of this company is as promise as the rise in the price( 10 to 17%, or 20 to 30 cts) in a few days just after the media interview. |
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