By Platinum Tiger
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New all-time highs were reached on Monday by 7 of the 35 stocks in our China OTC Player index, including AMCF, CAHS-OLD, OTCPK:CELM], [[CT]C, JNGW, LLEN and OTC:SOKF. Other noteworthy results for the day included a 37 percent gain for OTCPK:CHGI and a 33 percent gain for OTC:CSGJ, both on heavy volume.
In sharp contrast with China’s large cap stocks, which have languished all year so far, many small caps have been well positioned to reap the benefits of a roaring domestic economy and government stimulus of the consumer sector. Strength among the small caps has accelerated during the past week. When I went on record confirming the current bull trend back on February 21st, I did so with caution, as the signals were still somewhat mixed. But any doubts I might have had have been erased as nearly half of the stocks in our index have registered double-digit gains over the past 11 trading days.
My position: Long LLEN, SOKF.OB.