Description
⋅ CMCM is on fire with a 90% gain since the earnings report which was not verified by any
outside forensic accounting auditors. The Ciniese economy may be recovering with it
Cheetah.
The price-volume trend is impressive in the past month as a combination of the price moving
up responding to spikes of buying volume and positive volatility. I will enter this as a small
position chasing the momentum using a trailing ATR stop loss currently $.25 per share.
Since I will risk $25 in the trade for this small position I can take 100 shares as a long position.
I will continue to watch for selected Chinese stocks responding to the economic recovery to
exploit for gain.
Trade active
⋅ Price moved higher by more than 8%. Stop loss raised to a trailing 7.5% stop loss. Trade is now risk-free and on auto-pilot.
Comment
⋅ Re-entering CMCM from the swing low Trade active
⋅ Big move up today. Trade is now risk free with a 5% trialing stop loss. Holding
and watching for more.