Sino Forest jumped today to $4.99 closing lower at $4.10 almost 100% from last week. it can also drop just as fast, would have been nice to have 100000 shares when it dropped to $1.29
Sino-Forest jumps on news of Boston investor’s new stake
MARTIN MITTELSTAEDT
From Tuesday's Globe and Mail
Published Monday, Jul. 04, 2011 1:17PM EDT
Last updated Monday, Jul. 04, 2011 7:37PM EDT
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TRE-T4.100.9028.13%)plunge over the past month, some investors are beginning to see value in the beaten-down shares.
The stock roared ahead by as much as 56 per cent to $4.99 in active trading on Monday, following news that Boston-based Wellington Management Co. now owns 11.52 per cent of the Chinese forestry company. Although the shares closed off their highs at $4.10, they still managed a 28-per-cent gain.
>http://www.theglobeandmail.com/globe-investor/markets/stocks/chart/?q=TRE-T
