A NEW IDEA ON CHINA FINANCIAL ONLINE $JRJC $AMTD

This post was just published on ZYX Short Change Alert.

JRJC is a Chinese financial information website.  The stock has been rocketing on the news that the site will allow trading directly from its site.  It is certainly a positive development but does not justify the huge run up.  A big part of the run up is due to misguided claims that JRJC is becoming Ameritrade (AMTD) of China.

Consider short selling a 10% tranche right here around $11.  Consider building up to  40% of the full core position size in the smallest tranches that your account justifies, such as 5%, slowly on a further run up.  This stock can run up very quickly by a huge amount.  For this reason the short zone extends all the way to $16.50.  Mental stops over $17.55.  Target zone $3 to $5.25.

The stock is available to borrow on the street.  If your broker tells you that the stock is not available for shorting, consider asking your broker to borrow it from the street.

This is suitable only for experienced aggressive investors capable of handling a short squeeze.

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