Tuesday, April 9, 2013

DANG April 9 2013

DANG theslayersmarketthoughts.blogspot.com

I can hear the cries of panic. "It's Chinese, they are all fraudsters, their accounting is a joke, the company probably doesn't even exist." Well, whatever. As a technician, you look at the chart and play it. DANG has held the low since November, which is pretty impressive and makes you wonder why. If you are into risky plays with potential quick payoffs, put a stop on DANG at the low (which is pretty dang close) and punch your ticket. If you prefer to avoid admittedly doggy Chinese stocks, kindly move along, nothing to see here.

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