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Trading Idea : JADE

MensagemEnviado: 13/6/2007 21:04
por Luka!

FUNDAMENTALS>>>
LJ International Books Record $24.2 Million in Orders at JCK Show-Las Vegas
Wednesday June 13, 2:02 pm ET


HONG KONG and LOS ANGELES, June 13 /PRNewswire-FirstCall/ -- LJ International, Inc. (LJI) (Nasdaq: JADE - News), one of the fastest-growing jewelry companies in the world and, through it ENZO brand, the largest foreign jewelry retailer in China, today reported that it expects orders of approximately $24.2 million to be booked over the next six months as a result of its appearance at this month's JCK Show-Las Vegas, the world's largest jewelry convention. The $24.2 million order volume represents a new JCK Show record for LJI.
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The JCK Show-Las Vegas, one of the leading exhibitions in the global jewelry business, was held June 1 through June 5 and brought together thousands of jewelry designers, manufacturers and buyers. LJI's order volume at the 2007 show was approximately 10% above the $22 million it booked at JCK- Las Vegas in 2006, and approximately 17% above the $20 million it booked in 2005.

Yu Chuan Yih, LJI's Chairman and CEO, commented, "JCK shows are a growing source of new wholesale orders for LJI and a strong indicator of future demand for our jewelry on both the wholesale and retail levels. Our strong performance at this year's JCK Show-Las Vegas points to continued revenue growth in our wholesale business. Also, the strong interest shown by retailers -- who have first-hand knowledge of consumer tastes -- is a very good sign for our own retail division, ENZO, which has grown to become the largest and fastest growing foreign-branded jewelry retail chain in China. Based on these retail trends, we believe our ENZO retail chain in China will continue to expand across the region aggressively, yet systematically, with a concentration on growing earnings contributions," concluded Mr. Yih.



Colocada: 2007-06-13 20:47 Assunto: JADE ->>> Buy signal

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FUNDAMENTALS >>>>>
Citação:
LJ International Books Record $24.2 Million in Orders at JCK Show-Las Vegas
Wednesday June 13, 2:02 pm ET


HONG KONG and LOS ANGELES, June 13 /PRNewswire-FirstCall/ -- LJ International, Inc. (LJI) (Nasdaq: JADE - News), one of the fastest-growing jewelry companies in the world and, through it ENZO brand, the largest foreign jewelry retailer in China, today reported that it expects orders of approximately $24.2 million to be booked over the next six months as a result of its appearance at this month's JCK Show-Las Vegas, the world's largest jewelry convention. The $24.2 million order volume represents a new JCK Show record for LJI.
ADVERTISEMENT


The JCK Show-Las Vegas, one of the leading exhibitions in the global jewelry business, was held June 1 through June 5 and brought together thousands of jewelry designers, manufacturers and buyers. LJI's order volume at the 2007 show was approximately 10% above the $22 million it booked at JCK- Las Vegas in 2006, and approximately 17% above the $20 million it booked in 2005.

Yu Chuan Yih, LJI's Chairman and CEO, commented, "JCK shows are a growing source of new wholesale orders for LJI and a strong indicator of future demand for our jewelry on both the wholesale and retail levels. Our strong performance at this year's JCK Show-Las Vegas points to continued revenue growth in our wholesale business. Also, the strong interest shown by retailers -- who have first-hand knowledge of consumer tastes -- is a very good sign for our own retail division, ENZO, which has grown to become the largest and fastest growing foreign-branded jewelry retail chain in China. Based on these retail trends, we believe our ENZO retail chain in China will continue to expand across the region aggressively, yet systematically, with a concentration on growing earnings contributions," concluded Mr. Yih.



TECHNICAL >>>
BULLISH Probability - Intermediate trend bullish, Uptrend.
Confirmation - Mild bullish 1 day moneyflow
Confirmation - at support

TRADE QUALITY 90%, Excellent
Good trade quality is a combination of good profit, profit/loss ratio and target potential.

TARGET 1 Price: 13.32 Profit: 16.2% , for a typical rally.
Stop Limit/Trailing Stop Limit: 10.91 Loss: 4.8%
Profit/Loss Ratio: 3.4 : 1 - Good


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