New alert is America Jianye Greentech Holdings Ltd., AJGH, andthe stock closed today at 70 cents.
Please begin your research here http://www.americanjianyegroup.com/english/index.htm and
here http://whisperfromwallstreet.com/blog/quotes-and-research/
For those that are new since the last time I alerted this stock
here are a few facts to get you started.
AJGH is an alternative fuel company that develops, manufactures,
and distributes alcohol-based automobile fuel products in the
People's Republic of China.
AJGH has the capability of producing 300,000 tons of alcohol based
fuels annually.
A new Renewable Energy Law took effect in China January 1, 2010 and
the government announced a goal of having 10 percent of the
country's gross energy consumption be renewable by 2020. This is a
huge increase from the current 1 percent. China is really pushing
green energy.
China's sales of passenger cars grew by almost two-thirds in Marchto 1.26 million after surging over 85% in the first two months of
this year. Chinese consumers are forecast to buy a record 15
million vehicles in 2010, shattering the record 13.5 million in
2009 that made the country the world's top car buyer. China has
approximately 35 million cars on the road today and experts predict
that there will be 120 million cars by 2020. Obviously, with this
burgeoning demand for autos, comes, the increased need for fuel.
The International Energy Agency (IEA) has predicted that
Chinaâ€(TM)s
gas demand will double between 2007 and 2015, if policies remain
unchanged, and almost double again from 2015 to 2030.
AJGH is in a great position to benefit from both of these growth
rates.
AJGH revenue increased to over 2 million dollars for the year ended
September 30, 2009 from zero in 2008. 2010 is even better so this
company is moving in the right direction.
Why I like AJGH as a trade.
We know from last time that this stock can move.
The volume in AJGH has slowed down the last 7 days or so. I think
this is showing us that the selling has dried up and that everyone
who wanted to get out has done so.
AJGH has a high this year of $1.90 and was in the $1.20 area only a
few weeks ago before the sell off.
AJGH looks to be in a position to recover from these levels.
Considering the strength of the AJGHâ€(TM)s story and its recent
trading pattern, this should be a great price to enter.
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