When market falls in love with something, it offers opportunities for some quick and easy money. The Chinese stocks have been markets favorite for last couple of days. Everything related to China is up 5 to 30% plus in few days. Just see the list I posted couple of days ago. HMIN which I highlighted yesterday was up more than 10%. I have booked my profits on most China plays, you should bank profits on such plays when you have it. If you are looking for a Chinese play which is yet to make a big move, just look at ALLT.
ALLT (Google Yahoo Earnings BW Chart)
HMIN (Google Yahoo Earnings BW Chart)
Besides China the other sector with similar opportunities currently is Biotech. These opportunities are only for the nimble traders.
9 comments:
ALLT links corrected. Thanks for pointing out.
You posted your comment about a big move after the price rose from 10.6 to 11.40 today. Was this the big move you anticipated (after it happened), or do you anticipate a larger move ahead?
See my China stock post couple of days ago. HMIN was highlighted yesterday.
ALLT is China related play which has not moved as much as others in that list like ASIA, CHINA, FFHL, HMIN , and host of others which have been up 10 to 30% or 2 to 10 points.
Will ALLT make similar move, who knows, but I am in it currently. These are all for extremely nimble players, not for investors.
I am surprised you did not mention PACT. It was an easy play today. A chinese stock with news HAS to move on such a day.
f
Everything related to China is in blowout phase, so if you hit a China stock it is up 5% or more. Besides PACT, even the Chinese junk stocks are up 5% plus.
You have to spot these opportunities quickly, I have been talking about China stocks since 3-4 days. Now it might be too late to get in.
Here is the USD/CNY chart:
http://finance.yahoo.com/currency/convert?from=USD&to=CNY&amt=1&t=3m
As the Yuan continues to strengthen and breach lows, Chinese stocks get some interest at these technical points. This trend has existed for a while now. I remember catching the CTDC and CAAS runs last spring. It is not difficult to anticipate this momentum by keeping an eye on such charts.
You mentioned biotechs as the next momentum possibility. Look at $BTK or BBH (biotech ETF) and you see they are near support or already reversing.
check out the volume on PLUG... did we hit a bottom?
PLUG: Year end moves. Not reliable.
F: Individual plays on drugs/biotechs still continue to make great moves. In fact the large cap biotechs may join the party soon.
Yes, mentioned PLUG a couple of weeks ago as a bottom watch.
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