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CTE vs. ETF Alternatives
Tuesday, Aug 162011, 2:38 PMThe latest Chinese fraud stock, according to David Little: Sinotech Energy (CTE -23.9%), whose "largest customers and suppliers are likely nothing more than empty shells with little or no sales or income." This is not your typical Chinese reverse merger, having been taken public in an IPO by UBS, Citi and Lazard. |Tuesday, Aug 162011, 2:38 PM| 4 Comments
Thursday, Jun 232011, 11:22 AMChinese "enhanced oil recovery" specialist SinoTech Energy (CTE) bucking the sector trend today, up 7.8% after calling for $20M in share buybacks. Energy is still leading the downward charge in stocks after news of the IEA's oil dump (XOM -3%; CVX -3.3%; BP -2.9%). |Thursday, Jun 232011, 11:22 AM| 1 Comment