Charts on Near Term Uotrends Message Board

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Strategies & Market Trends : Charts on Near Term Uotrends

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To: Jibacoa who wrote (1357)	7/2/2010 5:55:17 PM
From: Jibacoa	Read Replies (1) of 1404

Like most Chineese stocks, FUQI has continued to be clobbered.<g> But today it was able to make an intraday reversal.<g> There were some upticks in the early afternoon from 12:30pm until 1:00pm bigcharts.marketwatch.com The stock was up 1.94% during the regular session and is still doing OK AHs. The EE for 2010 are still around $2.06 and although the EE for 2011 are down to $1.57 the R/R doesn't seems bad from a fundamental basis. However, it still seems prudent to wait for further developments and for the stock to get off its DT.. The best way to buy stocks is on the way up. And it is always good to keep a mental or actual trailing stop loss..<g> bigcharts.marketwatch.com Bernard

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