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6 pts

Opinion on  Qiao Xing Universal Telephone Inc. (XING)     Sector: Services  >  Industry: Communications Services
Bullish on XING ...

Aug 16, 2008 01:40 PM GMT
Foto
Return Risk
-24.55% HIGH
Principal

I was in and out of a 2 day play using LEAPS calls on XING and realized a 16.7% gain before commission in that short time. The stock is currently trading near a resistance and should shortly provide an option trade in one direction or the other. I'll look for a bullish trade if it breaks up through resistance or something bearish if it turns back down as it looks like it might.


XING:  This call was made on 08/16/08 @ $5.01
Rating:   Positive   $5.01 (08/16/08)
Gain/Loss:   -58.88% in 462 days


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