Chinese Auto Sales Up!

This is the only good news I see in the pre-market, read it.

"Analysts expect China's auto sales to top 10 million vehicles this year, and an industry group, the China Passenger Car Association, is forecasting sales in excess of 11 million units."

That is definitely good for CALI. "The Company also is the originator and operator of the most widely accessed subscription-based website in China's luxury imported auto trade www.at188.com and recently created and launched the industry transforming website www.1365car.com . The latter site provides real-time, accurate trading information on all domestically manufactured autos matching buyers with dealers in a subscription based format. The Company's e-commerce business is fueled by a strong first mover advantage in the domestic auto space, and continued growth of its market leading luxury import vehicle site. It plans to quickly expand its web business to six new cities in the near future, and its vision is to continue to build China's only national website for domestic and import car buyers"

Disclosure - I am long CALI and took a small position at $4 last Thursday, 07-02 right at the closing!

A general Caution and Advise-As I always advise in my posts, Do not chase stocks. please keep in mind that I am not a Stock Market Analyst or an Investment Adviser to count on my recommendations/alerts. As always please do your DD before investing or speculating, start with a small position, always keep your stop losses in place and emotions out. Finally thank me for your profits but do not blame me for your losses because you are the one who pulled the trigger!!!