Shares of Kingtone Wirelessinfo Solution (KONE) jumped another 150% on Friday after the company reported better than expected revenue. As of today, KONE is now the top stock in 2014, up 336% - http://blackberrystocks.com/stockgainers2014.html
Should you buy KONE stock? For a trade it might be okay because I do expect another rally at some point. Long term this momentum chinese stock has a lot of questions to answer. I'm wondering if they will ever earn a profit. Right now they lose a ton of money.
If KONE can continue to report revenue increases, the stock will jolt higher. There is only 1.12 million shares available so any good news from here on out will cause a big spike. On the flip side, if they report bad news at any point, shares will be down 30% in one day.
For more information in the top stocks in 2014, visit these links - Stocks 2014 - Top Penny Stocks 2014 - Stocks to Buy 2014
