They've been doing great, I haven't seen a better grouping in such an unpredictable market on any paper traders portfolio since I've made them active buys. Of course you could reference my portfolio to assess the holdings of a profitable fund manager with no in-house market making techniques.
That's a nice descending wedge with triple tops, I'm thinking a short squeeze is in order as the expiration volume was shy of the stocks true valuation as the options holders of December are a group of dreamer types, however the January call effect will not be so easygoing as the stock has seen recent dumping ahead of the much anticipated mid January correction likely to effect the whole market for a week or two due to the mortgage debacle reports to come, this stock is hugely overpriced I can see it reaching 2.5 in about 3 weeks. The dreamers wont be so sure to invest in downgraded china stocks reputed for weak fundamentals during the correction, they'll hear of bank liquidity issues and stunted China growth that was largely fueled by banks fueling the SUVS of upper middle class investors they courted like some early bloomers at the lakehouse.
There may be something to say for Cpsl after all, going into stock expiration has got many investors bearish, not much room for a gap up during a china rut, I've been at the short since the peak on the 7th, maybe. The early november gap down trend leads me to believe a short rally may take place rather quickly and strongly as it has happened before. The bull in me wants to think any trader knows there's not enough fill for a pressure play at this volume however, a little upside on slightly higher close leads the shorts in for the squeeze. Plus the RSI is passing the 50 on a 14day average.
Someone edited the blog, erased my outstanding gains during the past week for the portfolio I've had to re list below. So to spite them I'm gonna post My Private Portfolios China holdings of which I'm long, and in the money as of today, as of 2003. :-)BIDU,CHL,FMCN,JASO,JIXAY,PTR,SNDA,SSRX,TSGTY,CSUN,CPSL,CHNR,JRJC,RCH,EJ,BNSO,CHEUY...just to name a few. I watched the following two make these gains today; CHNR +14.94/87.83% , CPSL +2.01/31.03%.
A rumored 50% cut will drive the watchlist higher, the most recent watchlist should bounce higher significantly, and overall our past watchlist should all behave following their bullish trends into late December. Don't worry guys, if you buy today or tommorow you'll be safe mid January late April when some of these pics will have been removed from guidance watchlists as they will be affected by recession. And that means no cash, slow sales, you think times are uncertain now, there will be nothing to be uncertain about when you know what you can and cannot do.
I've got huge confidence in the big winners who've collected, cashed-in, chickened out, banked, whatever you call what middle class folks have been doing' to escape poverty. Anyway, look for the guys with the Benjamin's to spend some cash on jewelry , and large volume shopping merchants, oh and for the slightly more privileged buyer expect to see the airlines as a major destination for you players out there, making moves in the sky. I see CAL, AMR, and LUV on the to do list for the end of December beginning of January, you wont be glad you made these purchases until the "April squeeze".