Chat and Pizza Party on Sunday Night

Don't forget to come to Sunday night's chat at 8 PM, EST. We won't really be having a pizza party, but I am going to focus on the restaurant industry this week (think Domino's, California Pizza Kitchen, Papa John's, etc.). Everyone's welcome and I will post a complete transcript for those (mainly European chatters) who can't make it.

The Value of Candlevolume Charts When Stocks Go BOOM

BOOM started to go boom (sorry, couldn't resist) after 2 PM yesterday, and no doubt the scanners of every single day trader on the planet picked it up within seconds after takeoff. I always found candlevolume charts invaluable when day trading because the moments of pause or hesitation show up so clearly, which makes the low-risk spots to enter just jump out at you.

BOOM, 5-minute Chart

The Real Estate Market in Beijing Has Its Peculiarities

Unshakeable high house prices in Beijing, by Sun Xiaosheng:

No, I don't have any idea what they're talking about, and I speak Chinglish. ;-) All I know is that we're having a heck of a time finding a place to buy here. If the building is in a good location, the apartments are horribly designed or badly built (often both), and if the building is in a good location and the apartment is nice, then the asking price is over 20,000 RMB (~$2500) / sqm and Uncle Morty and I are unwilling to pay that much. The search continues....