CMCM could chasing a Chinese internet stock be profitable? LONG

2024년 4월 15일

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.

2024년 4월 15일

액티브 트레이드

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.

2024년 4월 24일

노트

Re-entering CMCM from the swing low

2024년 4월 25일

액티브 트레이드

Big move up today. Trade is now risk free with a 5% trialing stop loss. Holding
and watching for more.