China Precision Steel, Inc. (CPSL)
China Precision Steel, Inc. (CPSL)
If you’re dying to be long and are
looking for a speculative play for your portfolio, China Precision Steel had a
great day of trading on Friday and the options action was also encouraging. The
stock moved 12% higher on triple the volume as the company’s financials where
released on EDGAR. June Call options in at the $7.50 and $10 strike price were
strong with 1,369 and 1,135 options traded respectively. The one analyst that
covers the small-cap steel processing company raised his earnings expectations in
the current month from 0.06 to 0.07 and for the year from 0.24 to 0.37 this
past week.