Small Caps On Watch List (BSPM, CIIC, GSI, SUTR)
Small caps continue to flourish in this strong market environment. Of late I have highlighted China Infrastructure Investment Corp (NASDAQ: CIIC) and Biostar Pharmaceuticals, Inc. (NASDAQ: BSPM). Both Chinese plays that have been at the lows of the charts. BSPM has started to awaken with a move to $2.68 today after the alert a week ago at $2.35. That is already over a 10% move higher. CIIC still continues to fly under the radar but should get some activity soon. The chart is near perfect for a massive move on any volume. It continues to trade around the $0.64 level.
Other small caps hitting the radar are General Steel Holdings, Inc. (NYSE: GSI) and Sutor Technology Group Ltd. (NASDAQ: SUTR). Both are Chinese steel plays that are near the lows of their charts. With the markets soaring, these should get picked up soon.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
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Posted in: News, Small Cap Analysis, Intraday Update, Markets