The Company is an investment holding company. The principal activities of the Group are (i) manufacturing and sales of OEM footwear, (ii) retailing of sportswear, (iii) distribution of licensed products and (iv) operation and management of sportswear malls.
{from http://www.aastocks.com}
Let's look at its daily chart:
The stock plunged severely in March and April 2010. Starting from May 10, the price has been moving along the lime uptrend channel, and just broke an important resisting area. Although it is still within the channel, I am quite optimistic at a further breakout and probably reaching 1.42.
Another clue is the volume during the slump in 2010. The price slided too quickly that volume was not high at that period. Corporate investors could definitely not able to get rid of all the shares they had. Instead of selling at the lowest price, I believe they would try to lift the price again so as to let them sell all their shares to make bigger money.
We'd better keep an eye on it to see whether it can move further.
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