2 of the counters that I am monitoring has a bullish gap.
1. 3PAR (PAR) has a bullish gap on speculation that it will be acquired.
2. Sinovac Biotech (SVA) files for a new vaccination on trials for hand, foot, mouth disease.
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Sinovac Biotech Ltd (SVA) : Support at 6.28 breached
Dec 18, ’09 8:36 AM
Yesterday, SVA tested support at 6.30 and managed to close below it at 6.28
At this moment, the bearish trend will continue. There is no confirmation of any reversal .
We may see SVA drift further down.
Next support based on the Chikou Span is
- 5.85 (Support 1)
- 5.10 (Support 2)
Sinovac Biotech Ltd. (SVA) : Investors lacks exit
Dec 14, ’09 11:28 PM
Got this from InvestIdeas forum.
A member highlighted an article
Chinese government support and ‘sea turtles’ are spurring the sector, but investors lack exits.
The key point highlighted in the article includes a claim that investors may lack an exit strategy despite the huge potential of the biotecfh market in China.
The article can be found here.
