The China large cap index, FXI, is hitting 52 week highs today and is the leading ETF on the day. Here’s a look at the daily chart:
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I expected more out of my position in BABA today, and even started a position earlier in NQ as it reached an action point. However, it seems to be opposite day as nothing is working as planned. Here’s a look at some of the top ranked China stocks, all with positive free cash flow:
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From the screen, I like Fly’s YY, and also like this VIPS. My top pick however, continues to be BABA here on the 20 day MA.
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QIHU has been acting horribly.
indeed. Stock says avoid.
Picked up some BABA April 95 calls.
RC – it didn’t get much love from OA in After Hours today, but I’ve had my eye on that $VNET since it started appearing on the Ouija at the beginning of the month. The archons that reside within the PPT rarely deceive me …