CMED and UPCS are Notable New Highs, both taken from my Stocks to Watch lists,

I don’t know anything about CMED even though it’s based here in Beijing. Maybe I should go over and have a tour of the plant, chat with management, etc. Write a little report, sell it online for a hundred bucks a copy. Nah, I don’t have the time.

I see that it has a float of around one million shares, which is mighty tight.

“China Medical Technologies, Inc., principally through its wholly owned subsidiary, Beijing Yuande Bio-Medical Engineering Co., Ltd., engages in the development, manufacture, and marketing of products for the treatment of solid cancers and benign tumors principally in the People’s Republic of China. Its primary product is a high intensity focused ultrasound therapy system that is used for the noninvasive treatment of solid tumors in liver, breast, and kidney, as well as in the pelvic cavity or on bones, and tumors in the four limbs or superficial tissues.”

A nice high-volume breakout here in UPCS. Back in the depths of the bear market (October 2002) this stock sold for 20 cents a share.

“UbiquiTel, Inc. provides digital wireless personal communications services to markets in the western and midwestern United States. The company has an exclusive agreement with Sprint PCS to offer digital wireless personal communications services under the Sprint brand name. It provides various digital wireless personal communications services, including wireless voice and data services; and related retail products, including handsets and wireless devices.”