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CAGC again

|Includes: China Agritech, Inc. (CAGC), SPY

 Yesterday, CAGC gapped down passed a crucial support line (for this specific trade) and past my stop. Luckily, it traded up to my stop limit price and I got my fill before it closed lower on the day. Today, the broad markets are all up .5% or more and CAGC is dropping about 7%! The verdict: wait for CAGC to finish selling off and look for another bullish set up down the road. I would not recommend shorting CAGC as the fundamentals are strong (otherwise I would not have traded it long).

Thanks for being a part of! Always trade with a stop loss and manage your risk appropriately.

Happy Trading,