I’m now the proud owner of 4,000 shares of Sino Clean Energy, Inc. (OTCBB: SCLX) at an entry price of $.80. The stock is up minimally to $.85  thus far today on volume approaching 210,000 shares traded. We could be looking at a move here since SCLX has already traded more than one-half of yesterday’s total volume (about 362,000 shares). Coming from a guy capable of losing a thousand dollars at a Vegas blackjack table faster than the waitress can bring him back his drink order, a gamble of epic proportions this was not. Either way, I’ll take my chances with SCLX over any table game or slot machine, although your guess is as good as mine with regard to how this story unfolds.

SCLX: 3 Month Chart

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Sino Clean Energy Inc. (OTCBB: SCLX)have retraced below $.80 after more than doubling from a low print of $.41 on Feb 26th to a recent high of $1.01. After following the stock closely for the past few months, I swore that I’d buy about 4,000 to 5,0000 shares if PPS would reverse back below $.80. Personally, I’m interested in accumulating a decent position – depending on how low itgoes – and holding my shares for the long-haul. I first learned of the company through an article on TheStreet.com back in early March entitled “Top China Coal Stocks”: Here’s what the author Rick Pearson had to say about SCLX:

SNWT: 10-Day Chart

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Sino Clean Energy Inc. (OTCBB: SCLX) is up more than 25% to $.94 in early trading on nearly 3.7 million shares traded. This stimuli behind this run (the stock touched a high of $1.01 early on) is a stellar 10Q  annual earnings report which was released this morning. Some of the highlights include:  Net income of $.11 per share versus $.03 in 2008; Revenues totalled approximately $46 million, a jump of more than 220% from last year to top it all off, management  stated that 2010 revenues will hit $105 million, at least. Given the solid earnings and future outlook issued today coupled with the rumors of a potentially lucrative upcoming up-list to a senior exchange and a big payday, we suggest watching this one closely. In my opinion, and relief from this run – perhaps into the .70 to .80 range – could represent a nice entry point if all of the rumors and 2010 guidance is on point. We brought SCLX to you at $.53 on 10/2/10 and it has nearly doubled since our alert, I’m willing to be tthat there’s more growth to  come.

SCLX: 1-Year

For weeks, I’ve been speculating about Sino Energy, Inc. (OTCBB: SCLX): The stock more than doubled from a low print of $.41 on February 26th to more than $.95  just 6 sessions later on March 8th. Volume was going crazy during this time-frame, which seemed to indicate that somebody knew something we didn’t (guess not). Things haven’t quite exploded yet, and PPS now hoovers around $.66 (down about 2% on roughly 650k shares traded today) but that might not be such a bad thing for those of us that aren’t on board yet

After reading a rather intriguing article on the TheStreet.com, I became optimistic that perhaps this could be the next big China small-cap play. As the author of the piece – Rick Pearson – so eloquently pointed out, deals like SinoCooking (SCOK), which raised $7M through a PIPE financing at $6 per share and issued investors additional warrants at around $12, have made for some very happy investors as of late. At current levels, I’m read to roll my sleeves up and figure out the deal here. Not that its likely, and details are scarce, but I certainly can’t’ sacrifice a few hours of my time for a potential 5 or 10 bagger, can you?

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Sino Clean Energy Inc. (OTCB: SCLX) ran like a madman from our $.53 on on 10/2 update to more than $.80 about a week later and has since settled back into the $.60 range in recent trading sessions. The stock is taking off like a rocket once again today, up 12% or $.07 on more than 420,000 shares traded and could be gearing up for another major  run into the $.80 t0 $1.00 range.

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Sino Clean Energy Inc. (OTCBB: SCLX) has soared nearly 55% from our 10/2 update, from $.53 to a recent print of $.82. The stock really took off faster than I expected given the fact that no corporate announcements have been made recently. It appears as though the hype about a potential up-listing is spreading.

SCLX: 1-Yr. Chart

Sino Clean Energy (OTCBB: SCLX) – a very compelling play on China’s burgeoning coal market – rose 30% Tuesday on more than 3.3 million shares traded. I’ve heard somewhat substantiated rumors that the company may be posturing for a reverse split and subsequent up-listing to a senior exchange in the near future, which would likely generate substantial gains for investors.

According to a recent article published by Rick Pearson in Beijing, SCLX has hired a new CFO that has been involved with two recently uplisted  U.S.-listed Chinese companies, is affiliated with an IR firm that specializes in up-listing Chinese firms, and could provide gains of 300% to 500% for investors willing to get on board early if a move to the AMEX or Nasdaq goes down. I’m intrigued and will be brushing up on Sino in the days to come. Check back soon for my take on the potential for a three to five-bagger here.