The selloff over next 3weeks should take ctrp very close to 13
Anyone with any sense or experience will see the same large sellers using the same 3 market makers. Also the posters on here saying sell ctrp before you get stuck as a bagholder warn you for a reason, wait till a really red day on the market and all bids always vanish within 12 minutes of each other everytime. CTRP starts down 50 cents only to finish the day down 2.50 with many new bagholders. If it gets close to 13 but does not break it, I would buy 100 shares, at 8 I would buy 600 though. Good Luck, this is also a very popular stock for shorts because of how easy and fast it falls. My 2 cents after watching every market day for a year. I am long only AMZN (300.00 target with supposedly its record earnings 50 days away or so. and long Bidu which I will just keep buying more of if it falls. China is so slow and the new leaders say they might not do a stimulus, will try other ways. That is real bad considering it was suppose to be their largest one ever. Bidu will be fine as they are into mobile in a big way with an awesome smartphone for the chinese as well as a cheaper one they could afford. I like goog and pcln also but they need to be about 100 points cheaper each.
Twizz they'll see how weak the old Ctrip bid is next couple weeks, and that is one of the weakest bids ever. I bought some AMZN as when it slices through its 52 week high, the momos always come in and launch up another quick ten, what do you think about the smartphone faster then the Galaxy s3 and the release is June 1st for only 300.00?