After successfully trading VIMC per our last bullish call on the stock on 9/9/2014 , we are looking at shares as a trade opportunity again, especially on pullbacks. Latest news from China (not released in the U.S.) could propel another round of momentum and could create support for the stock on pullbacks.
Vimicro International Corp. (VIMC) – Xingye Securities Engages VIMC
According to the news, a security broker named Xingye Securities in China has engaged with management of VIMC to host investor conferences between 09/23 and 09/25 in cities of Shenzhen, Shanghai, and Beijing, China. VIMC’s EPS is estimated to grow at the annual compounded rate of 126% in next 3 years.