Bookkeeping: Cutting Ctrip.com (CTRP) on its Mysterious Rise

Chinese online travel stock Ctrip.com (CTRP) is acting strange today - it’s suddenly shot like a rocket up nearly 9%. In a bull market I’d say “someone knows something” and is getting in ahead of an official announcement. In this market I simply say “thank you, I’m cutting back”. This chart should look very familiar - its the same chart across a multitude of names I’ve cut back into on any stock surge. Broken down stock, revisiting a resistance area….
Original Source:

  30 July, 2008| Fundamental Analysis | @ 9:43

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