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Wednesday, September 29, 2010

FUQI to be delisted from NASDAQ

I was away from my the desk the entire day busy with errands.

I am totally disappointed with FUQI, the 60-min, daily, weekly charts all looked promising and was really the gem in my eyes. After being up 14%, the stock is trading down 6% after hours. The company failed to comply with NASDAQ's rules and will most likely be delisted.

IRONICALLY the stock closed @ $6.66

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