Quick Win by the Algorithm:

On May 22, 2017, the I Know First algorithm issued a bullish 3-month forecast for Global Sources Ltd.(NASDAQ: GSOL). The forecast showed a signal of 419.90 and a predictability of 0.33. As a result, in accordance with the forecast, the company’s stock produced a return of 64.05% over this period, solidifying another quick win by the I Know First algorithm.

Global Sources Ltd. is business to business English-language media company providing information and integrated marketing services worldwide. Such services includes The company is a primary facilitator of trade with China. The company was founded in 1970 and is headquartered in Hamilton, Bermuda. 

On May 23, 2017, Global Sources Ltd. entered an Agreement and Plan of Amalgamation with Expo Holdings Ltd. This would cancel and convert each GSOL issued and outstanding shares into cash equivalent of $18.00 per share. That is a 50% premium from its previous closing day price of $12.00 in May 22, 2017.

On May 25, 2017, the Agreement and Plan of Amalgamation was revised. The offer increased to $20.00 per share. The GSOL board approved the amalgamation agreement unanimously. As a result of entering this agreement, the stock increased even more. This favorable factor for GSOL resulted in its stock to increase by over 60%.6

Current I Know First subscribers received this bullish GSOL forecast on May 22nd, 2017. 

Before making any trading decisions, consult the latest forecast as the algorithm updates predictions daily. You can use the algorithm for intra-day trading. The predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.