I got this message about SNDA from Kevin:
Any thoughts on SNDA--China's largest internet gaming company on the NASD?
Hmm, I wonder if Kevin's long SNDA??? ;-) I sure wish I was long it too, it has (had?) a beautiful chart. It's basically done nothing but go up since it listed on the Nasdaq last May. It appears that SNDA has just hit a little bit of trouble. The 50-day moving average tells the story of this stock pretty well. The stock never closed under the 50 until three days ago -- and it did so on high volume.
I don't know where Kevin is long from (or even if he's long) but if I had a double (or close to a double) I'd sell half to get my initial investment back and let the rest ride (with a loose trailing stop).
