Good morning. I’m on the road today and won’t be posting anything other than this until next Monday.
A few bullet points this morning for ya from here in the hotel room.
A while ago, I wrote up a whole column full of analysis about buying $BIDU and shorting $NQ as a pair trade – what I think of China stocks and the best trading idea that I see right now for China stocks as outlined in my latest – A tale of two China stocks https://tradingwithcody.com/2014/01/09/a-tale-of-two-china-stocks/
$NQ is down 15% today, and down 50% from its recent highs. I have seen this stock run on no news and crash when real news like today’s earnings restatements and earnings miss hit. This one is still on my radar as a potential short candidate. Will see how the market throws the $NQ pitches at us.
And for your Revolution Investor’s Deep Thought of the Day, I turn to ScutifyNewsBits, our own Lucy Bottrell, who does an incredible job of keeping Scutify.com Scuttles flowing with relevant and diverse news flow. This one’s awesome.
See ya Monday.
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