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7/29/2010 7:49 PM
Penny Stocks by: HotOTC

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Watch List for Friday 3-30-2010

My new big pick is CIIC.

I rarely put out alerts on Nasdaq companies but this one needs immediate attention. CIIC has taken quite a hit this past week, and I`m not sure it`s over yet. I assume it`s being shorted.

These shorts may have to cover their position soon and when they do CIIC may pop big. Put CIIC on your watch list so you can watch for a possible reversal.

The reversal may be the start of something called a "short squeeze", this means the buying from shorts covering their position coupled with normal buying creates a big rally.

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CIIC is a big Chinese company which operates the Pinglin Expressway in Henan Province in central China. This is no mom and pop operation.

Their latest reported quarterly earnings increased 4.2% over the prior same period last year to $10.6 Million. For the 9 months ended March 31st, 2010 revenues were roughly $35.8 Million!!

CIIC focuses on investing in, constructing, operating and managing infrastructure development projects in China.

The Company currently operates the Pinglin Expressway, a 106-kilometer (66 miles) dual carriageway four-lane toll road in the central province of Henan. The Expressway is an important passage from the northwest region to the southeast coastal region of China.

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