Bad news can pummel a stock into submission. Take a look at the chart for SINA Corporation (SINA) below. We have made some very profitable trades on SINA Corporation (SINA) in the past, and we think it's ready to make another move to the upside.
When SINA moves, it tends to be violent as folks chase a move they fear they are missing. Lets see if SINA starts pulling out of oversold territory today.
We currently hold the $60 and $62.50 April Calls.