Please, do not see this as the sale of the decade. Just look at the continued deterioration of the Asian markets over night. That seems to be the norm these days. Please heed what the Dow futures are telling us as they are down more than 110 and NAS is now down more than 21. It is pointing to another market plunge today. The prudent and sane way to trade this market for the unforseeable future is to short or go to cash. Do not pick up the shares of these seemingly cheap shares. They will go lower.
Short
BIDU, GOOG, RIMM, CME, AKAM, and any Chinese stocks.
Until the market bottoms, this will be my trades. Short and sweet.
Good luck!
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