Apple Inc (AAPL)

[langostino]

dilleet - SINA and your noodles

When SINA first went parabolic I had some things to say about the market dynamics that fueled the end of the parabola, namely that a big part of the move was fueled by smaller hedge funds and fast money daytraders who didn't know the first thing about SINA other than it was moving up with big momentum, and that those kinds of parabolic moves are more often than not followed by pretty ugly retraces.

I believe that offended you because it seemed to infer there couldn't possibly be real business fundamentals to support the destination of the parabolic move. As it turned out, this was one of the rare exceptions, and your knowledge of Chinese culture, the viral spread of cell phones there, and the massive demand for ring tones and uptake on SMS enabled you to know that this was the real deal -- the rare exception with the parabolically growing fundamentals to support the shares even after the initial band of fast money momentum traders elected to cash out.

So hats off to you for that.