No matter ER is good or not, it will drop to 40 in one week.
My guess is that near close today it will begin to slide. Regardless of earnings, it won't get much higher even if earnings blow the doors off. One comment by some stupid analyst or a Chinese government official and it could go down $10 before you could blink. My cost is $40.50 and I am out of this baby in the next hour at $53 and some change and tomorrow I will take all the profit from my Goldman china funds.
China has been a great ride for me (about 38% in the past 6-7 months, but I think the smell if off the rose.
SOHU $51-$52 on Monday after market close. either way up 10 or down 10 on Tuesday. I will not bet this time either way. Long side seems to be better choice because IPO alibaba is on its way trading in H.K. nov 6.
At a PE of 43, it's still cheap as Chinese stocks go.
Even if it drops by $10, that'll only put it back to where it was a week ago. Still plenty of 10%-up weeks left while the US Santa Claus rally is in effect.
see how fast it will drop after 2:30pm on Monday!
I sure hope so....
this stock have being going up like crazy . I bet that will drop like a rock . just watch that . anything like meet the estimate or a in line guidence si good for 10 to 11 dollars drop .
wireless situation has improved. online games are adding to the eps. search technology is ramping up revs. video ads. blog $. and yet to come is ecommerce opportunities. this all ahead of the olympics puts upward pressure on pricing of its core advertising business. lets face it, the cost of the slots on its website are considered extremely cheap when compared with sites in the same business model outside of China.
this is getting out of hand....25% return in 1 week...how godd is this ER going to be..?
Moscow will believe tears -- just a matter of time.
Next year's earnings, around 1.35/share, should be the peak. Growth will be slower after the games. So even given a 30 p/e of the peak e, the target should be $40. Just can not believe the insanity.