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Guangshern railways

Chart Forum » Stocks - USA » Chinese Shares that trade on Wall Street » Guangshern railways

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hershy
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Username: hershy

Post Number: 1883
Registered: 10-2002

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Wednesday, January 17, 2007 - 06:04 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



From the Yahoo Finance site:
Guangshen Railway Company Limited provides railway passenger and freight transportation services between Guangzhou and Shenzhen, and certain long-distance passenger transportation services. Its freight services include the transportation of whole and partial carload cargo, containers, special, and regular cargo. The company also engages in other businesses, such as retail sales of food, beverages, newspapers, and magazines aboard its trains and in its stations; operation of restaurants, a travel agency, and a hotel in its Shenzhen Station; providing kiosks and advertising boards; leasing space to independent retailers; and railroad-related construction. As of December 31, 2005, it operated 122 pairs of passenger trains per day, of which 67 pairs were high-speed express passenger trains operating between Guangzhou and Shenzhen; 2 pairs were regular-speed passenger trains operating between Guangzhou and Shenzhen; 13 pairs were Hong Kong through-trains; and 40 pairs were domestic long-distance passenger trains. As of the above date, there were 26 stations situated on its rail line, providing passenger and freight transportation services for cities, towns, and ports situated between Guangzhou and Shenzhen in the Guangzhou-Shenzhen corridor, and Hong Kong. Guangshen Railway Company was founded in 1996 and is based in Shenzhen, China.

The chart looks great. The present dip soon to be providing a fairly safe entry point. In a triangle, about to break out. If it breaks down, the trend support is just below as a safety net. If it breaks up, the target is at the very least previous high though past history would suggest much higher levels.
Just realised that I've left the time axis off the chart. The lowest point on the chart is June 2006.




I don't have a plan so nothing can go wrong !!!

http://members.optusnet.com.au/~hershy/

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