Traveling, NQ still a short candidate, and your Deep Thought of the Day
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 http://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.
ScutifyNewsBits Posted … 26m agoChildren Born Today Will Never Have To Drive A Car, Says #Robotics Expert. “Self driving cars seem like a far-out idea right now, but in the next 20 yrs, they will be totally common. “My current prediction is that kids born today will never have to drive a car,” he said in this interview with FW:Thinking. It’s a reasonable conclusion — consider $GOOG‘s self-driving car system, which is already street-legal in Nevada, Florida, Michigan, and California.” http://tinyurl.com/knhoyv8
See ya Monday.
