CHINA DIRECT INDUSTRIES INC (NASDAQ:CDII), Down By 11.53% ($0.10) From $0.893 After BUYINS.NET Report Predicted Stock Would Go
March 15, 2012 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net , a provider of unique trading technologies, released a report on Friday, February 17th 2012 stating that CHINA DIRECT INDUSTRIES INC (NASDAQ:CDII) was expected to go Down due to the Bearish conditions presented in the following report. Click here to view the BUYINS.NET report: http://www.buyins.net/releases/?sym=cdii&id=244339
At the time this story was written, CHINA DIRECT INDUSTRIES INC (NASDAQ:CDII) is Down By $0.10 (11.53%) since the BUYINS.NET report was released.
The movement of stock prices in the days and weeks leading to and following specific fundamental or technical events may follow a predictable pattern. Many companies stock price histories show random or unpredictable movements around certain events. But some seem to repeat the same pattern quarter after quarter, year after year. We use powerful computers to uncover those events and correlations to generate predictions with high probabilities of generating very specific returns within very specific time periods.
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CHINA DIRECT INDUSTRIES INC (NASDAQ:CDII) - China Direct Industries, Inc. engages in the production and distribution of magnesium, and distributes basic materials in the Peoples Republic of China. The company operates two main segments, Magnesium and Basic Materials. The Magnesium segment produces and distributes various magnesium products, such as magnesium ingots, magnesium powders, magnesium alloys, various grades of magnesium slabs, and magnesium scraps. The Basic Materials segment involves in the sale and distribution of industrial grade synthetic chemicals consisting of glacial acetic acid and acetic acid derivatives, acrylic acid and acrylic ester, vinyl acetate-ethylene, and polyvinyl alcohol. It sells and distributes steel and non ferrous metals. In addition, this segment owns zinc mining rights and possesses production and distribution capability for zinc concentrate and lead. Further, China Direct Industries, Inc. offers consulting services to the United States and Chinese companies. These consulting services include investment and strategic planning, financing structures and arrangements, mergers, acquisitions and other business transactions, translation, managing and coordinating various necessary government approvals and licenses in the Peoples Republic of China, marketing, investor relations, and coordination of preparation of required SEC filings. The company was formerly known as China Direct, Inc. and changed its name to China Direct Industries, Inc. in May 2009. China Direct Industries, Inc. is headquartered in Deerfield Beach, Florida.
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