China Growth Stocks

[hudsonate]

To play these names now, look for stocks with a known positive catalyst coming if you are trading them. UTA is an example of a severly beaten down name with a known catalyst in 4 trading days, 9/29 conference call. With the questions being submitted in advance, UTA management will surely have their ducks in a row and be ready to boost investor confidence in company. I would expect shorts to be cautious going into this catalyst. Therefore, a buy here at the 61.8% retrace at $3.85 (which it is still holding) from its recent bottom at 3.25 is a good trading idea going into next week's catalyst. Any other nice setup ideas like this are appreciated if you know of them.