InvestingFreak

From the way the market has been swinging lately even with any recovery time, the dow jones industrial has yet to bottom a week after i wrote about how it had not bottomed. Over 500 points down later i still think the dow jones industrial has a long ways to go (with some rallies in between obviously).  I feel like I am too optimistic by calling a bottom at 10,800 because if President Bush and his best friend Dick Cheney start a war in Iran my bottom call will look stupid.

And here is an updated chart.

The Dow Jones Industrial Average doesn’t appear to have bottomed out as of today.
The news that are coming are still not good and the technical chart all points to even lower market soon.

(TNDM) provides tandem interconnection services principally to competitive carriers, including wireless, wireline, cable, and broadband telephony companies in the United States.

This stock looks good technically and should head north for the short run at least.
As of closing June 16, 2008 the stock is at $19.19 and that will be my hypothetical buy price.

The stock’s basic fundamentals:
52wk Range: 16.51 – 23.00
P/E (ttm): 63.75

(VISN) VisionChina Media provides advertising to the Chinese people through digital media and even on buses and public places.

The stock is in my short term watch list. I will list a few con’s and Pros. I considered buying at $15.91.

Pro:

• Olympic Games comping up. Vision China is going to ave increased revenue for next quarter mostly due to the Olympic Games August 8-24, 2008
• The stock went from $9 at end of March to $23 in Mid May and as of June 11,2008 was at $15.91.

Cons:

• Has a huge P/E of 130.
• Chinese stocks are Very Volatile (hyperbole, I know)

UPDATE: June 16, 2008

(newratings.com) – Analysts at Sterne Agee initiate coverage of VisionChina Media Inc (VISN) with a “buy” rating. VISN initiated with a buy rating.