[Entering Position In CDC Corp (CHINA)]
Dear Member:
CDC Corp (CHINA) is a relatively inexpensive stock that I have previously played with success a couple of times in $10 Trader. The stock has been moving sideways for a few days and has been honoring the 18 day moving average. DMI is positive and there is a nearby exit in case I am wrong on the direction. I like the stock at $10.65 or better on a day order. If it closes below the 18 day moving average (currently about $10.37) and does not get back above that average by noon EST the following day, that would be reason to exit for me.
DISCLOSURE: At the time of publication, I have no position in CHINA.
Sincerely,
Bill Kraft
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