Morning update and two trade ideas AMZN and SOXL
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36 yrs in the trenches, raised 100mil for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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Kimpten : do you think the bullish trend on chinese stocks is sustainable this month?
10baggerbamm OP Kimpten : I was listening yesterday analyst that focuses on Asian companies and Asian markets and the history of stimulus and the effect for short intermediate term long-term on equities.
the name escapes me I wish I would have written it down because I'd like to follow this guy but I didn't and that's my mistake.
the gist of what he said is when the Chinese Market opens back up which is going to be next week they're on a 7-Day break vacation it's their golden week he said that the stimulus will continue multiple times that it's not a one and done thing by the government and they're going to empower the citizens to go out and spend their money and he cited other examples in history and he basically alluded to the fact that this is going to be a long-term sustained rally in the stocks that you will have your gyrations but they are BUY the dip to take advantage of the next legs up.