Back in March 2009, if someone had suggested that the Chinese jewelry company Fuqi International (FUQI) was about to embark on a six month run that would blast the stock to a 10x gain, they wouldn’t have found many takers. Seventeen months after its IPO, with three failed attempts to break through resistance at 12, FUQI was a flat-volume casualty trading just above 3. But by the middle of September 2009, FUQI was just nudging 33 on huge volume. Ten baggers are rare enough, but to get one from a Chinese jewelry company was shocking. Today’s stock is LJ...
