Wednesday, March 23, 2011

Yangzijiang - Bull should be out of steam


Looking at yangzijiang today, it seems like the current bull is out of steam. I believe today is a good short for a quick profit. The current bull seems exhausted without any rallying power. For tomorrow, if it reacts, i shall see how much sellers emerge to challenge the bulls, however if it continues to rally, the upside is pretty limited and allows for more shorting. It can't be rallying much further because that would create an alibi for the little generals to bring this stock down the drain in the long run. For this stock to be in a bull phase, the stock has to react or if it continues to rally, then the bear phase has not yet been completed.

Ronald K