Naz News, Gappers and FLE's

[Deewar25]

HSWI - potential as next big china mover - take you pick on angles that could be played out - next BIDU, or chinese wikipedia. Just completed merger with INTN (based in Hong Kong) - new company HSW International is based around the howstuffworks website ran by Jeff Arnold (cofounder of WebMD). The 75million in capital raised (including 10 million by the billionaire Carl Icahn) will be used to expand into China and South America. Really the only other china internet play similar to bidu out there and it's sure to get attention in the upcoming weeks. Today was very volatile as the float basically was comprised of prior INTN shares that weren't held in name (thats an assumption of mine). It was likely under 1 million. Apparently tomorrow, the prior INTN holders should have new shares in hand and it should become a little more liquid without the manipulation (was 6m float prior to merger) - I don't foresee a selloff since most have shares close to current price and to hold through the merger meant they were looking for much bigger pop.. Given the activity with RCH and CHNR (as well as another dozen china plays lately), I think its a matter of time here with this one.

Good review of the merger can be reviewed here:

http://www.howstuffworks.com/hsw-international-pr.htm

http://www.greedypigs.com/articles/howstuffworks_raises_75_million_in_capital.php

Keep in mind also that the China Wealth Fund that was formed last weekend may very well be active starting next week since its a week long holiday in China
http://www.marketwatch.com/news/story/story.aspx?guid=%7BA5DEE536-E993-4C22-86D3-26838BFDD6AD%7D&...

I'd expect still further momentum with anything related to china.

This may be a real special one just starting out at these levels. INTN ran to $15 on the initial news of the merger, so that at least is a reasonable goal.