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Replies to #22602 on lowtrade
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lowtrade

06/24/11 2:41 AM

#22603 RE: lowtrade #22602

Sorry ICCC NO VOLUME

JKS
Chinese Solar A short fight, the shorts seem to be losing the last month. They took it down hard in June and it regained all. At symt triangle decision point, on positive move & volume.

China has been hot and I just made 2 killings day trading China stocks. So when I couldn't find a good follow thru day trade again. I checked China stocks as a sector. Found this one under 1 month performance leaders. Liked the chart and breakout possibility timing.

Could expect short covering if $27 broken.

Not a day trade

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Cee-It

06/24/11 11:49 PM

#22624 RE: lowtrade #22602

I bought some more PSTI end of day yesterday... pulled my average up a quite a bit overall, but still happily in strong green and growing position... hoping to catch still another huge swing.. once its up good I'll trade out 30% to 50% of holdings gradually starting at $3.95 range. Then, I'll be happy to buy back if it drops back under $3.20 or so.

Four to six touches on bottom of rising wedge already, so I doubt it will fall to another touch level... it should head to new breakout as more early institutions start to come aboard.. and then blue sky. I would not be at all surprised to see breakout run into $4.75 range before falling back again.

GLTY
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Cee-It

06/25/11 12:01 AM

#22625 RE: lowtrade #22602

I also decided to finally start a position in that long rising pennant at ACTC... now more than 6 months of support for as a rising pennant is just way too good, and combined with a series of good recent events that I feel should cause a major breakout real soon. Litigation fears were slowing the rise but that should be history. I did get burned on this one about four years ago; but I'm not expecting a repeat of that.