Chinese tech stocks are going down and will go much lower. I was already short Alibaba (BABA, famous for having the CEO with the weirdest skull in corporate history).
Another similar kooky Chinese stock which is way too high is XNET:
Broadly speaking, the FXI has hit major resistance and is just beginning its repulsive fall.
Looking quite closely, here is the most conservative stop-loss I might suggest.
Simply stated, the dictatorial leader of China is about to Xi’t his pants.
