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Tag Archives: $RENN

Lateral Moves All Day

Apropos that I would get all excited about the LED industry last night and not over the weekend putting me one day behind the move.  The kicker of it all was stalking GTAT yesterday but not pulling the trigger.  I wanted to see a capitulation move lower.  This is an example of an opportunity where getting half my position on would have worked.  And given the gaptastic nature of AIXG, I don’t want to chase it higher.  I’m shaking my fist at the entire industry.  At least I have my CREE.

All last night I thought about how much I wished I had bought BIDU and SCTY into the bell.  They both looked great on a closing basis.  So I came to market and bought them both today.  Now I don’t really want SCTY.  I can be so fickle at these choppy junctures.  No less than three times I’ve considered rolling all the SCTY funds into BIDU.

I’m getting really excited about this TPX trade, it’s working out well.  Look at that weekly chart.  Another strong weekly candle has to have you seriously considering this name for an intermediate term swing long.  Yes, I’m talking my book.

I cut RENN and HSOL, but the rest of my China basket is in place, lined up in marching formation, ready for ramming speed.  Actually HSOL looks ready for ramming speed too.

At one point I was 92 percent long.  I had to adjust that down a bit.  I cut ODP, RENN, HSOL, and DDD.  All-in-all, I have too many longs if you ask me.  I’m bombarded with great setups and my ADD has gotten the best of me.  None of these trades looks bad at this point; they just don’t look as good as my other longs.

Now I’m sitting 75 percent long, awaiting The Fed.  I’m very slightly red on the day, and my broker loves me.

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GOING FULL CHINA

chinese_military

I’m sticking to the China theme mainly because the charts aren’t over extended. I can get decent risk based entries in names that could produce huge returns. That’s the humble reasoning.

The subjective reasoning is the Chinese are coming. They’re coming for the US markets riding solar powered Godzilla monsters and they mean business. My list of China longs is, well, long:

YGE, HMIN, YY, RENN, HSOL, and MY (listed by position size, largest to smallest)

All together, the basket represents about 35 percent of my portfolio. May they all go total Godzilla on a town near you.

UPDATE: I’ve pinned all the charts up to detail what I see

http://youtu.be/9T8vlrPTkYA?t=41s

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