6th May 2012 – RENN take the spotlight before FB.

Buy $	Sell $	Short $	Cover $	Stop Loss $	Profit / Losses	Duration
6.46				5.90

 

Reason for Buy / Sell / Short / Cover:

 

1. Price made a double bottom at the intraday chart at $6.00 and start to rebound from there.

2. Set the buy limit somewhere just above intraday 20MA line and got it.

3. Daily chart shows that it seems to have support coming from its 20MA line and Fibonacci indicators indicating the price has rebound from 76.4% to 61.80%.
4. Weekly chart shows that all secondary indicators are pointing upwards. Price is also staying above its weekly 50MA line.

 

Lesson Learnt:

 

1. As I posted previously, this is what I called as the "China Cup and Handle" formation. If price break up through the previous high of $7.20, this stock is going to fly high.

2. Watch out for chance to top up.
3. RENN will release quarter result on 14th May.

 

Intraday Chart

Historical Chart

20th April 2012 – Just cannot wait for Facebook IPO, how about China Facebook?

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
5.75				6.70

 

Reason for Buy / Sell / Short / Cover:

 

1. Intraday started to turn up and on Tuesday it suddenly shot up above intraday resistant line.

 

Lesson Learnt:

 

1. Daily chart shows that price is sitting at the tip of the triangle formation.
2. Strong support from both daily 20MA and 50MA lines.
3. Monthly chart shows consolidation at the handle of "cup and handle" formation and price keep floating above monthly 20MA line.

 

Intraday Chart

Historical Chart

21st March 2012 – RENN RENN 爱我我爱RENN RENN

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
5.35				5.08

 

Reason for Buy / Sell / Short / Cover:

 

1. As I posted recently, I saw a "cup with some kind of handle" both in daily and weekly chart.

 

Lesson Learnt:

 

1. Again, timing and pricing entry sucks. Should have watched out for VXX performance first as what I have just posted on FSLR.
2. Price is still under the resistance of its daily 20MA line.

 

Intraday Chart

Historical Chart

15th March 2012 – Pattern Study – I found 2 China Bowl with some kind of Handle!

Ticker:

 

1. RENN, FFN

 

Topic:

 

1. I found two China Bowl with some kind of Handle.

 

Lesson Learnt:

 

1. Is this the kind of bowl and handle that we would like to see and get into?

2. I think it is worthwhile to watch the reaction of the handle.

 

Intraday Chart

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Historical Chart

3rd Feb 2012 – Pattern Study – Can’t wait for Facebook to go public?!

Ticker:

 

1. RENN

 

Topic:

 

1. If you cannot wait to buy Facebook, you can buy the China version first.

 

Lesson Learnt:

 

1. Overtook the down trend line. Also overtook the 20MA, 50MA and 100MA lines.

2. Volume is very encouraging.

3. All secondary indicators are very supportive.

 

 

Intraday Chart

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Historical Chart

30th Aug 2011–Want to learn Chinese, joint 人人.

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
7.40				5.96

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. A deal with Microsoft pop its price high.
2. Daily chart looks like start to converge upwards.
3. Weekly chart looks like forming a big triangle with more chance to go upwards. The price keep staying above the up trend line.

 

Lesson Learnt:

 

1. At least I did not go and catch the price with it gapped up high which is a good point.

 

Intraday Chart

Historical Chart

8th Aug 2011–Don’t fall in love with China Facebook.

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
	10.05				losses	1 week

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. Cut loss.
2. My YOKU, DATE and other stocks all look tremendously weak. It is time to go.

 

Lesson Learnt:

 

1. When you have a basket of stocks and most of them are triggered and look weak, it is time to let go.
2. Don't fall in love in any stock.
3. Exited this one with very minimum losses before the market crash! Good job for myself.

 

Intraday Chart

Historical Chart

14th June 2011–Pattern Study–China stocks hit bad.

Ticker:

 

1. YOKU, DANG, MOBI, RENN

 

Topic:

 

1. Many China stocks are hit bad.
2. Many below its IPO price.

 

Lesson Learnt:

 

1. FXI is at critical junction.
2. I read on MarketWatch before an article by an editor and he was very bearish on all China stocks before this happen. I could not find it now.
3. Anyway, this is how opportunity is going to be created for LONG position in near future. Watch FXI and all indexes carefully for entry in all these interesting stocks.

 

Intraday Chart

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Historical Chart