All Good Things Come To An End–China Momo
- Posted by ZorTrades
- on October 17th, 2013
So the market was right not to worry too much about the Government shutdown, in fact the SP500 was up almost 3% while the we were shut down. In situations like this is when it is best to tune out the noise and focus on what is happening. 15 Tips To Improve Your Trading.
The Chinese stocks continue to provide great opportunities if one is nimble and quick. We have been highlighting Chinese names everyday on the blog since September, but remember–all good things come to an end and the end is probably near for Chinese names just because the moves have become ridiculous. But we are going to dance until the music stops. $GURE that we highlighted on 10/4, 10/9, 10/11, and 10/15 at one point was up yesterday 72% before settling down to close up 37%.
These are what I consider very tight set ups that will trigger if they break yesterday’s high. On a regular trading day I would indiscriminately take every trigger because you just don’t know which one will be the big winner, you might have an idea but in the end you don’t know.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Frank Zorrilla is the founder and chief investment officer of Zor Capital LLC.He began his Wall Street career 10 days after his 20th birthday when he became a Series 7 licensed stock broker. More »
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