CMCM could chasing a Chinese internet stock be profitable? LONGCMCM 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.
