Technology Sector Pick (Risky Play): Get Ready for Chinese Roller Coaster
China Digital TV Holdings[NYSE:STV]
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| Reason for the pick | Update – Nov 17th, 2008: COVER STV: A couple of impressive days going against the grain of a losing market convinced me that China Digital TV’s losing trend has take at least a breather. Time to cut loose.
Nov 3rd, 2008: Technology Sector Pick (Risky Play): Get Ready for Chinese Roller Coaster: SHORT STV: It’s been a steady downward trip over the last two years since China Digital TV Holdings topped out at $50 a share. Now at $6, look for the decline to continue, following another losing performance during last week’s market rally. |
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| Pick Status | Close | |
| Pick Date | 11/03/2008 | |
| Price when picked | $6.10 | |
| Pick close date | 11/17/08 | |
| Performance | +10.5% | |
| Target closing price | $5.46 | |
| Position | SHORT | |
Performance data for Open stock picks is calculated weekly (Monday) based on the opening price on the date the stock was recommended or the start of the selected period, to the closing price on the Friday ( or last trading day previous to Monday).
Performance data for Closed stock picks is calculated weekly (Monday) based on the opening price on the date the stock was recommended or the start of the selected period, to the closing price as picked by portfolio manager or closing price as on the Friday at Market Close ( or last trading day previous to Monday).
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Hellp