VIPS and now WUBA are breaking out and looks like LITB has bottomed. I think there is good upside here. So far the volume is thin but I do see it picking up. LITB is now above its 50dma.
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LITB is on the move - Long
VIPS and now WUBA are breaking out and looks like LITB has bottomed. I think there is good upside here. So far the volume is thin but I do see it picking up. LITB is now above its 50dma.
Big move in this one. I sold my REFR for a loss when this broke out and thankfully turned this whole thing in to a good size gain. I'm going to hold this until tomorrow and see if we get some follow through.
Great call on this. Very nice bounce.
Apparently todays move was on news that they purchased another online etailer. Its still trading well below its IPO price, which I'm certain they'll want to run this back up to 12 to 13 at least.
It's up after hours too, but don't get greedy. Always good to lock in some gains. One of my biggest strategies is to sell half, let the rest run (with stop at even on rest), as I did with SCON today.
Depending on your size, you can scale out in more chunks on the way up.
