A Speculative Stock in Weibo.

Here's a cheap idea... with lots of upside.

Good morning:

Once again, the market is not the economy, and the economy is not the market.

I’m writing to you today… as I have to head down to Washington D.C. for meetings. I’ll be visiting the Federal Reserve’s new headquarters today… stopping by the Treasury, and then visiting Congressional offices. Research… always research.

The F and Graham Stock in focus today is Weibo.

It just broke it’s 20-day moving average as China continues its aggressive expansion of monetary policy. I really like this chart… and I like the improvement in MACD, RSI, MFI, and ADX. I think this is a stock worth owning ABOVE $8.00 if only for a week or so.

Buy it based on the F and Graham score, think small.

Be winning to make 30% but lose 3% to 5%. That’s how we think about these names.

A stop back at $7.85 would be good. An exit target of $10… even better.

In Focus

Traders are holding their breath this morning. After eight straight wins for the S&P 500 and another VIX spike into Thursday’s close, we’re back in no m…