Bookkeeping: Increasing China Medical (CMED)

We are going to give China Medical (CMED) another try on the long side. Volume is non existent in this market so it is impossible to trust any moves, but this stock was absolutely hammered once they did their convertible announcement [Aug 12: China Medical Announces Convertible Debt Offering] and now will have a standing short position sitting in there (shorting common stock versus convertible holding) so we'll see if CMED can move up into that. But we have a nice low risk entry on the chart.

I don't know what is going on with these charts of late but they continue to disagree on stockcharts.com with what I have in other sources - the 200 day moving average is $44 (not $42) and with the stock hanging around there for a week and a half we have some minor bounce right here. So we'll increase exposure up to 1.3% allocation in the $45.20s and see if it can hold; I'd ...