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Any falling share has to do one of two things. That is it has to die or recover. Latter is true for CHOU. it was 115 at the end of 2005 and 7.75 at 2009. Loss of about 95% of value. But it never dies but to recover.
This is a share exempted form post war bull run. This share is in my radar since last December and continually profited 6 to 7 time with swing trade. It had one exceptional quality: strong support around 19 and if any how it broken it is a falls breakout and price come to range readily. Other is the reliability: To say if you bought at 19 you can sell it around 21 whiting 5-6 days. Any share who build a strong base about long time can breakout anytime. What happened to CHOU now is this bull run, I hope.
happy trading
This is a share exempted form post war bull run. This share is in my radar since last December and continually profited 6 to 7 time with swing trade. It had one exceptional quality: strong support around 19 and if any how it broken it is a falls breakout and price come to range readily. Other is the reliability: To say if you bought at 19 you can sell it around 21 whiting 5-6 days. Any share who build a strong base about long time can breakout anytime. What happened to CHOU now is this bull run, I hope.
happy trading
