Sneak attack!
So far I got NCTY short. Still holding on to CSIQ (“Canadian” in China? Lol) because if I cover, I’ll never get any shares available to short in the future. Covered CMED a week ago, will re-enter. Lots of shares available to short in the bigger names like NTES, ACH. If you can, grab ZNH shorts do so for possible -20% drop in a few weeks. SINA is good for -10% retracement. Easy entry/exit play on CTRP for chartist. Stay away from spikers like FMCN, GU. They’re good for day-trade longs.
I am waiting for EDU to confirm reversal in entire China sector. So far, SOHU is our first leader that is showing weakness.
Developing…
If you enjoy the content at iBankCoin, please follow us on Twitter
Sold ANCI longs at 4. Woo hoo! NIce rebound, I’m out before the weekend.
CSIQ back to single digits as promised.
SSG baby!
The semis? They definitely need a pullback.
On the other hand, I think silver might bounce next week. Looking at gold too.
I caught it late yesterday at 37.18 and I like it for the way the solars will end up next week. If Asia does indeed get invaded, you and I and anyone with a brain knows that Semicon is fucked.
I’ve had an ABX hedge since 32.75 printed last. I like the GLD – DUG trade, but GLD is not really a good trading tool if gold were to explode, hence the ABX buy.
Great minds think alike! Have a great weekend Gio.
you too Moose. have a good weekend. I’ll be dropping a bomb on ATHR if it can’t take out 19.50 soon.