Sino-Global Shipping America (SINO)

[value1008]

Nasdaq index had a big washout day, though buyers came in later. I think that dramatic selloff kept SINO from surpassing the $3.00 level.
Right now there's some pressure from falling 9dma, some resistance at the 50dma and 125dma etc.

It's all quite ridiculous, though, that after the fantastic earnings report and partnership news that the stock still wallows down here. We can thank all those impatient day-traders and swing-traders who keep cutting the stock off at the knees and refusing to let it run higher on the big good news days.

Btw, the S.Alpha editors want to publish my article on SINO, but they're strongly recommending i shorten it by about 1/3rd or more, specifically all the history i wrote about the company, and put that historical material into a separate blog at S.Alpha.

So this weekend i'll need to do some major editing / chopping, and then have a more narrowly focused article submitted to them. Hopefully it will see the light of day next Mon or Tuesday, and people who want to read more about the origins of the co. and veteran strengths of the mgmt can go to the blog.