Saturday, April 12, 2014

New Position- YNDX

With market selloffs come opportunities. I purchased YNDX (Russian Google)  after it made a new low but then reversed.  It has been in a sideways pattern after getting hammered due to the Russian Crimea Situation.  I think there is a chance that the / a bottom is in.  The MACD is showing divergence as the sell off has continued.  YNDX has also  held up relatively well compared to the broad markets that have sold off pretty heavy.  That being said  YNDX  has been trending downward so I'm keeping a tight stop set at the bottom of the daily reversal.  

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