Tuesday, May 20, 2014

New position: SFUN

Leju hit a home run on earnings.  So that risk when I opened that trade turned out well. I think LEJU goes much, much higher and I'm holding rather than adding.  LEJU's problem is its lack of volume so I didn't want to put on more size.  So I did the next best thing--buy the competitor, SFUN.

SFUN has much more liquidity and good earnings and revenue growth as well.  On a chart perspective the MACD is showing bullish divergence which often precedes a reversal.  Stop will be at 10.03 lows for the downtrend.  Hopefully, Leju puts a bit of a spark.  Over 12 will confirm for me. 

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