Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

Broken Trends: Certain China Stocks Losing Steam...

China based stocks have been the latest rage on Wall Street. But after numerous 50%+ returns in many of the Chinese offerings, traders have begun to act rational and take profits. Here are several China stocks that have taken a hit from profit taking.

BNSO, CAAS, CBAK, CEA, CHNR, CPSL, CSUN, CTDC, EFUT, NOEC, RCH, TSTC, YGE, YTEC, ZNH

Still Showing Strength: BJGP, CN, FSIN, GSI, KUN, MPEL, ORS

Bouncing Off Support: CFSG, CHA, CHL, CHU, CSCT, EDU, GSH, LFC, PTR, SCR, SHI, SNP, WX

Of course, I am sure I missed a few China stocks but I believe that these are the more popular ones. If you have a question on one that I may have missed, please post the stock and your question in the comment section of this post.

Also note how everyday a new Chinese IPO or OTC.BB stock is beginning to trade on the NASDAQ. This is exactly what happened with the Internet bubble. I am not saying that the Chinese stock bubble is about to pop. It may continue for some time and during this time, more and more new stocks will mysteriously emerge on the NASDAQ and get bid up 50% at a time. Eventually, when the amount of activity reaches euphoric levels and everyone is talking and chattering about Chinese stocks, then it will all come crashing down again.


My Ambitions as a Trader and Investor is not a registered investment advisor. Please read the complete Small Cap Stocks Blog Disclaimer



Visit 1800blogger to see all of our industry leading blogs

Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

After Market Check Up: DJIA creates a Pivot Point
Okay, so I didn't get to sell CPSL at 11 and I didn't get a chance to pick up more BKR at its LOD. But still, it's all good. The impressive 3 day run in APPY has already made up for both of those small mishaps. In addition, the DJIA and NASDAQ have managed to improve their chart setups and have even created pivot points. These pivot points are a bullish indication which show that the financial markets are more resilient to the current credit worries and housing slump. This current patch of market strength should make the rest of the week more interesting.


My Ambitions as a Trader and Investor is not a registered investment advisor. Please read the complete Small Cap Stocks Blog Disclaimer



Visit 1800blogger to see all of our industry leading blogs

Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

Trade Journal
New Buys: BIDZ, CPSL, DSX, EXM, JASO

Added To: YGE

My Ambitions as a Trader and Investor is not a registered investment advisor. Please read the complete Small Cap Stocks Blog Disclaimer


Visit 1800blogger to see all of our industry leading blogs