Stepped out of this trade as well as GMCR and LULU when they crossed below the moving average. Was worried that we were about to see a correction - but got back in here as we went north of 114 again. A little more ambitious on the time horizon here. Figure I'm looking for a quick turn-around, and if the stock goes against me, I'm closing my position anyways.
And they are leading the market at the moment. And while the darlings of the internet in America are not available to the public (think Facebook and Twitter) they are in China. This is a trade only, and some of the story can easily break down if we start talking fundamentals...but as I said, this is a trade....