Dramatic trade LONG proved to be… Almost lost it all but thanks to Ultimate Stock Alerts (search Google for them) I walked away with something
Here is the original text Expedia owned were sold at an average price of US$14.63 per share (equivalent to an average price of US$29.27 per ADS)
May I conclude that each share traded on the market is 0.5 ADS? Otherwise, I can't explain why the current price is trading so low. Also no one will likely pay double price from the market to invest in a company.
You'd have done better to buy CTRP on the open. It has continued up, this has fallen.
eLong confirmed that Expedia has sold its entire 62.4 percent ownership stake in the company at an average price of $29.27 per ADS to several purchasers based in China, including Ctrip along with Keystone Lodging Holdings Limited, Plateno Group Limited and Luxuriant Holdings Limited.
So why LONG traded sp low now?