Sold FNSR @ $20.71
Bought QIHU @ $87.36
QIHU reporting before open on Monday, conference call @ 730 AM
Expectations are :
Q3 Sales $181.74 million, EPS 37 cents
Guidance Q4 Sales $203.77 Million, EPS 42 cents
Portfolio ARUN SINA TSL QIHU
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Stocktrader,
Sold TSL @ $15.93 & bought JKS @ $33.89....based on relative strength & future profitability.
Saleem
Hey Saleem,
Good luck on both moves!
I think generally the Chinese internets are being depressed somewhat by the prospects of the Alibaba IPO which will suck major investment dollars away from current plays. I'm not sure if that persists into next week, but that's the only explanation I could come up with given the good reform news from China this week which should have been supportive.
I thought TSL's numbers were pretty good but the market hasn't reacted well. I'm still puzzled a bit by that given the sector is still showing strength. When/if TSL truly does have a breakout, it could be a quick ride to $20+.
Stocktrader
Hi Stocktrader,
When i sold JKS i was looking @ major surprise from TSL.....which it did...BUT Tape action has been weak ever since...when i saw JKS turned green today.....i knew that verdict is in that JKS has "earning momentum"
About Chinese stocks......they have been lagging badly lately after "outperforming for first 9 months"......
Saleem
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