My gosh... Friday I bought some Spreadtrum Communications (SPRD) as it came back to support near $11. Threw on a $12.20 sell limit order today just for kicks... and it has executed. Darnit, I knew I should of put half the fund's assets into SPRD last week ;) ... oh well, gained 10% in 1 market day on what I had. Not going to turn that down... that annualizes to... err 2500%.
Ah this brings back memories of 1999 when you could do this trade 8 out of every 10 days.... I was a genius back then... pure genius. Then I got 2000'd!
It feels like a feeding frenzy in the same 30-35 names or so right now...anything 6 degree of cloud by decree must go up 3-5% every day.
Let me remind readers I am turning myself into a cloud... I want to value myself at 4x more than I did yesterday.
Long Spreadtrum Communications in fund; no personal position