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Tuesday, January 11, 2011

SINA

Here is another breakout on the leadership list. SINA broke through a short lived resistance area on very high volume today, although I could not find a reason or it.this is a pretty nice chart, with one caution; declining CMF, although today will probably reverse that. ATR was rising during the run, primarily due to a large increase in average daily volume. I have no idea how long this move will be sustainable, but I won't argue with it yet.

2 comments:

potbroker said...

Here is why! This sounds like real big news, SINA has won the chinese microblog wars! When I was in China in 2002 people loved SMS, weibo is SMS on steroids!

potbroker said...

http://www.investors.com/NewsAndAnalysis/Newsfeed/Article/124603702/201101110623/Baidu-Alibabacom-Said-to-Take-Stake-in-SINA-Microblog.aspx

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