Worries Over Inflation Send U.S. Market Down
Stocks struggled to a mixed finish on Monday, just days after the Dow rose above 11,000 for the first time since early May. That got a lot of media attention but while it is really just another number, and individual who has been crossed before, it gets attention. Many traders refer to even whole numbers like that as 'century' numbers. Often breakouts are more potent when they occur over whole even numbers like 10.00 or 25.00 on a stock as well.
China Commercial Credit (CCCR) is a lender to small businesses in China, who give 1.9 million shares at a cost range of $6 to $7 without the pain . intention of raising $13 million. If successful China Commercial Credit would have a market value $71 several. The company was founded in 2008 and draws on in Wujiang China. Over the past year they've recorded $13 million in sales. Axiom Capital Management and Burnham Securities are underwriting the deal.
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