Today is 2006/11/02 12:20 at noon time, take a look at 3 recent Chinese ERs.
Sohu, bad ER, but only down slightly
BIDU, big move before ER, holding strong, and looking to go up slightly.
If SINA get so so numbers, the worst case will be like SOHU's move which is not too bad. In today's trading, it is very much like BIDU's pre earning movement, however, if you take a look at last 10Q, there was no movement until after market is closed. SINA was up 15%.
I would say, 75% change SINA will have a super earnings with 20% stock price up movement. 15% change SINA got a soso earning, and move 5% higher. 10% odd SINA will be as bad as SOHU and stock price only down 2%. So I think it is a great bet to long SINA before market close!
Good luck guys.
Sohu, bad ER, but only down slightly
BIDU, big move before ER, holding strong, and looking to go up slightly.
If SINA get so so numbers, the worst case will be like SOHU's move which is not too bad. In today's trading, it is very much like BIDU's pre earning movement, however, if you take a look at last 10Q, there was no movement until after market is closed. SINA was up 15%.
I would say, 75% change SINA will have a super earnings with 20% stock price up movement. 15% change SINA got a soso earning, and move 5% higher. 10% odd SINA will be as bad as SOHU and stock price only down 2%. So I think it is a great bet to long SINA before market close!
Good luck guys.