CHINA IS DEAD; LONG LIVE CHINA

All of their parlour tricks are being called in today. Years and years of corruption, scandal, and abuse thrusted upon the American people have culminated to this very day: the death of the Chinese burrito.

Look at those intra-day losses, boy (extra Raul). These “take private” prissies are being taught a lesson in capitalism today. I am very sorry for those of you who got caught long. I understand and know your anguish. But there is a great good being played out here. These motherfuckers are getting their heads split wide open and all of their nonsense is spilling out onto the pavement (extra #5).

Nevertheless, where there is pain and agony, there is also opportunity.

Which Chinese burritos of honor have dipped enough to warrant our attention?

2 week returns:

CHL -10%
BIDU -12%
CHA -15%
JD -13%
LFC -15%
NTES -15%
VIPS -15%
ZNH -22%
YOKU -32%
CMCM -35%
YY -27%

WBAI -38%

As you can see, the lower the market cap, the more depraved the stock action is. This, of course, is indicative of a strong retail presence being washed away here–a good sign for vultures, such as myself. You want to wade into these stocks and sell the reflex rally–for it will come fast and furious–without warning.

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