This morning, we opened a new long position on HMIN (Hotel Inns & Hotels Management Inc.) We’ve been watching this stock for quite a while; and just pulled our trigger this morning. Based on technical analysis, the stock seems to break short-term downtrend last week. It rebounds nicely from 61.8% retracement based on its closing price. If we look at the intraday price, it successfully rebounds from strong support in mid-October.
