Friday, September 5, 2008

Bookkeeping: Cutting back China Medical (CMED)

Posted by TraderMark at 11:11 AM TweetThis
China Medical (CMED) looked to be making a go of it, holding strong all day yesterday in an awful tape but the gremlins finally came for it. We are sticking to our simple rule, which is not foolproof, but once you break support you're out. I'm cutting China Medical from a 1.3% stake to a holding stake of 0.1% selling in the $43s- again fundamentals mean nothing, charts mean anything in this current environment. And the chart just took a turn for the worse so we continue to respect that.

Long China Medical in fund; no personal position


Posted by TraderMark at 11:11 AM

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