Dip-buyers are giving it a try as we speak, off of another weak open. They, of course, have had tremendous success for a while now. So, if they pull off another spring higher I would have Mobileye, first chart below, as a long idea for momentum.
On the short side, I am stalking Priceline again for a rollover after its recent bounce. We played the initial breakdown inside 12631 a few weeks back.
What are you trading this morning?
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Chess – I would like to imagine the above dog’s name being ‘GM’. Still holding the puts….
I’m back in it, Unc.
We’re “pro-life”, Chess….
Below $33 looks very promising indeed!
QIHU looks cheap, but it looked cheap at 79, too… Not technically “social media” that Le Fly likes, but still seems interesting.
BTW, Qihoo sounds like a copy of Yahoo (to whom the founder sold one of his companies), and the green web browser icon is basically Microsoft’s IE. The 360 software seems like a play on Norton. The founder clearly has megacorp aspirations 🙂