Buy CSUN at $13.75 or Better

The Hot IPO Trader
Thursday, May 24, 2007
By Louis Basenese

Email – #132

** Buy CSUN at $13.75 or Better

We got the pullback we were waiting for – China Sunergy (Nasdaq: CSUN) is currently trading hands at $13.61.

Let’s go ahead and enter our position here…

Action to Take:

Buy China Sunergy (Nasdaq: CSUN) at $13.75 or better. 

Keeping with our discipline, let’s set some profit targets.

Profit Target 1: Sell half of your position if shares climb 20% above your entry price.

Profit Target 2: Sell half of your remaining position if shares climb 40% above your entry price.

Let the remaining half (or 1/4 of your original position) ride.

Good investing,

Louis Basenese

P.S. – Elsewhere, we hit our sell stop on Qiao Xing Mobile Communication (NYSE: QXM) as shares traded lower today on no news. Close out your position if you have not done so already, and I’ll research the cause to determine whether or not we should consider a re-entry.

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