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Apr. 4, 2012, 4:52 PMMomentum traders were all over SmartHeat (HEAT +46.3%) again today after shares spiked 91% yesterday, even as Q4 results were dismal vs. 2010 due to "a very challenging sales environment." The move even spilled over to some rivals: THTI +80.5%, CLNT +157.8%. But it could end up ugly: "When the music stops, don't be the last one standing." | Comment!
Apr. 3, 2012, 5:14 PMSmartHeat (HEAT +91.6%) shares nearly doubled today on 40x the usual volume, despite a Q4 loss on write-downs in two acquired businesses. The China-based company that sells plate heat exchangers said a slowdown in end-market demand would be temporary and promised a "rigorous program of cost cutting" to maintain control of its budget. | Comment!
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