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Day January 26, 2010

Sinovac Biotech Ltd (SVA) : Price cuts Tenkan sen -> Take profit

Took profit on SVA; a bit later than I would have want it to be.

On the chart, the price has cut the Tenkan sen. In fact, the gap down couple of days back would be a good indicator to take profit.

Nonetheless, the trade is still good.

There will be times for a long entry for SVA again.