From a technical point of view, our chances for GAME heading to the single digits are quite high. There’s no need to rush this entry. As a trader, you don’t really like today’s intraday chart, however to be fair there were some China-Google related news that may have had some investors selling anything China/Net related. We have to be patient here though, GAME is not just going to explode just because it’s buying up small gaming firms. For us to get a nice trade like Perfect World (PWRD), we need more momentum. It’s still a good industry.
Buy-Limit: 9.82 (trendline) (… stop limit not calcuated yet)
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