Tuesday, May 11, 2010

San Diego Trader 2 ~ SmartHeat Inc (Public, NASDAQ:HEAT)

... building on the BOTD China Real Estate Theme  .... if you can't take the $HEAT $7.57 +0.77 (+11.32%) ... add an A/C unit!

Air pollution problems in CHINA!?? ... buy $HEAT on the "double bottom" DIP!

EARNINGS:  9 EST, in the AM. (if you are reading this they are probably already out, how is the stock reacting?) 

p.s. no position. "if" earnings aren't a total disaster, let's BUY $HEAT for breakfast!



BUY ON THE DIP said...


BUY ON THE DIP said...

HEAT .. is on.

-0.51 (-6.74%)

Bot on the DIP!

BUY ON THE DIP said...

SmartHeat, a Chinese company that makes temperature meters for residential and commercial buildings, said first-quarter income spiked due to strong government support of the industry.

"In 2010, the (Chinese) government has continued to maintain our energy saving sector as a strategic industry and continues to provide significant funding through government initiatives," CEO James Jun Wang said.

The company's earnings jumped 67 percent to $1.7 million, or 5 cents per share, from $1 million, or 4 cents per share, a year ago.

Revenue climbed 51 percent to $9.4 million.

Analysts, on average, expected 3 cents per share on revenue of $8.8 million, according to a Thomson Reuters poll.

SmartHeat Inc. shares rose 18 cents, or 2.4 percent, to $7.75 in premarket trading.

The company reaffirmed its previous forecast for the full year. It expects net income of $20 million to $22 million on revenue of $106 million to $116 million.

BUY ON THE DIP said...


+0.31 (4.31%)

added long HMIN @ $36

BUY ON THE DIP said...

+0.58 (7.89%)

the HEAT is ON!!

BUY ON THE DIP said...


8.07 +0.72 (+9.80%) .... hard stop at 7.94 >>>> $HEAT

May. 13 at 9:32 AM

BUY ON THE DIP said...

The HEAT is off. 12%+++!!!!!