China Growth Stocks

[pmony5]

TSTC Harry Boxer & Rev Shark into TSTC nice..

TSTC is Harry Boxer's Chart of the Day (Link) 16-Nov-10 08:22 am
He gives it an $18 short term target. He has several charts of the day and TSTC is near the end of the video.

http://www.thetechtrader.com/chartofday/

Playing Defense

By Rev Shark
RealMoney.com Contributor
11/16/2010 10:23 AM EST

There is no question that the dip-buyers, who were so aggressive when this market was uptrending, are now feeling much less confident. We had a brief uptick after the gap-down open, but it didn't last long enough to deserve to be called a bounce. Breadth is extremely poor, with about 750 advancers to more than 4,300 decliners. Retail is a bright spot because of Wal-Mart (WMT - commentary - Trade Now) but all other major sectors are in the red. The dollar is steady, and that isn't helping.

I'm in defensive mode, which means my first order of business is making sure I protect capital and cut any losing trades very quickly. I'm keeping trades very short term and am not interested in building long-term positions right now.

I still like Telestone Technologies (TSTC - commentary - Trade Now), which I mentioned yesterday, and am looking to add shares over $15.25 or so. New Energy Systems Group (NEWN - commentary - Trade Now), which I mentioned last week as a play on Apple (AAPL - commentary - Trade Now), posted a good report this morning, and I'm looking to add shares there as opportunities arise. IDT (IDT - commentary - Trade Now) has interesting news about investments in its oil subsidiary by Rupert Murdoch and Lord Jacob Rothschild.

At the time of publication, DePorre was long TSTC, NEWN and IDT, but positions will change at any time.