Sometimes you have to delete a stock on technical factors alone and can't really wait until you know what is causing its decline. That condition is why I'm deletingKongzhong (KONG) from the Barchart Van Meerten New High portfolio. The tape tell it all:
- 60% Barchart short term sell signal
- Trend Spotter sell signal
- Trading below its 20 and 50 day moving averages
- Dropped 23.26% off its recent high
- Relative Strength Index is 33.13% and dropping
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.