RCH a New China IPO on AMEX

(for details pls visit www.OptionPundit.net)

IPO price (2 days ago) $3.50, Price as of close today ($12.25). Now that’s what is called “Super charged Bull Run”.

China Architectural Engineering, Inc., formerly SRKP 1, Inc., specializes in the design, engineering and installation of specialty curtain wall systems, including glass curtain walls, stone curtain walls, metal curtain walls, roofing systems and related products, for public works projects and commercial real estate. The Company has designed and installed nearly one hundred projects throughout China, including the National Grand Theater, Exhibition Conservatory of Beijing Botanical Garden, The COSCO Tower at Changlian Avenue Beijing, and the Wumen Exhibition Hall in Beijing’s Forbidden City, and a number of commercial structures in southeast Asia. On October 17, 2006, the Company closed a share exchange transaction, pursuant to which it became the 100% parent of Full Art International, Ltd. (Full Art), which has four subsidiaries, including its wholly owned subsidiary Zhuhai King Glass Engineering Co., Ltd., and assumed the operations of Full Art and its subsidiaries. The Company is offering 737,000 shares. Concurrent with the offering, the Company is registering approximately 3.9 million shares held by existing shareholders.

Revenues were $49 million in 2005 which is just enough to do a deal vs $28 million in 2004, and $22 million in 2003. In the first 9 months of 2006, revenues were $40 million up from $25 million in 2005, net income was $6 million vs $1 million.

RCH Bull Run.gif IPO was priced at $3.5 but opened at $5.00 now at $12.25. I also participated with my bot of share (Primary IPO, no way, can’t get it) via 2ndry market. Purchased is at $9.07, just to realize a paper gain of 35% within few hours. I shall be placing a trailing stop order so I am not forced to be a victim of a falling knife. I am also participating in EJ and will do for LFT as well. There is more to it, check out CHNR, JRJC,huh, there is lot out there.

For those are looking where to get more information and would like to participate in the bull run (with super-duper caution), check out ADR link (Thanks to OP readers for sending this).

Profitable trading, OP






3 responses to “RCH a New China IPO on AMEX”

  1. OptionPundit Avatar

    My sell order for RCH was triggered and I am out at 11.02, with a +21% returns. If it returns to life I shall get-in again.

    Cheers and profitable trading, OP

  2. OptionPundit Avatar

    And as it happens, right after selling it zoomed to right +20% up….sounds familiar.

    Profitable trading, OP

  3. OptionPundit Avatar

    It does hurt when you see the same damn thing rising +50% within few more minutes, isn’t it. But that’s where the discipline comes into play. No coulda, woulda, shoulda.

    Profitable trading, OP

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