Yes, I am still long a little by shorting January's puts @19. I am looking for good fundamental with good valuation. My target for EDU is in the neighborhood of $20 (conservative) before January's earnings report. I will look very carefully for evidence of margin improvement and growth in Shanghai and Beijing. If things go well, its P/E will expand to 20 and the stock could see upper twenties. Maybe the market will bring another Christmas gift before then.
2012 turned out a great year for me, as the market provided two profitable chances to long EDU. Right now I could not find many other values in the market (other than BIDU and JOBS, of both I long a good size). I see there is some value remaining in EDU. So I shorted a few February's puts of EDU.
What I missed most was CTRP. I kept longing it in the first half of the year, only to see its profitability dropping and dropping each quarter. I pulled out and then the stock all recovered without much improvement in the fundamentals.
I bought SFUN when it was really cheap but sold it way too early. No blame here because I do not have a good understanding of its business. That led me to act highly conservatively.
Glad that I never played AAPL, based on the belief that its extremely high margin was not sustainable.
Wish all EDU longs a better 2013. And EDU shorts should really seriously think twice.