AI
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| Alias Born | 07/15/2002 |
Sunday, May 08, 2005 7:00:27 PM
I'll throw in a money making idea on the thread that is extremely "off-topic" from the normal currency, energy and mining that we normally follow ... reason is I'm not completely convinced that the consolidation is completed yet.
Fwiw, I've been looking for alternative internet plays, figured there had to something other that Google and Yahoo-- there is, if you like risk-- there's a Chinese online gamer called Shanda Interactive (SNDA) -- SNDA just happens to own 20% of Sina-- and last Thursday Sina missed their earning and revenue targets by a mile and then guided down ... on Friday, the stock ended down a whopping .85%, that's right, a whopping point-eight-five percent...!
Shanda on the other hand finished up to 2.6%, most of that was towards the end of the day, which looked more like short covering by my read of the tape.
Check out the chart-- a beautiful uptrending three-month base ... my only word of caution is that they report Q1 on May 16.
Fwiw, I've been looking for alternative internet plays, figured there had to something other that Google and Yahoo-- there is, if you like risk-- there's a Chinese online gamer called Shanda Interactive (SNDA) -- SNDA just happens to own 20% of Sina-- and last Thursday Sina missed their earning and revenue targets by a mile and then guided down ... on Friday, the stock ended down a whopping .85%, that's right, a whopping point-eight-five percent...!
Shanda on the other hand finished up to 2.6%, most of that was towards the end of the day, which looked more like short covering by my read of the tape.
Check out the chart-- a beautiful uptrending three-month base ... my only word of caution is that they report Q1 on May 16.
FP........................................................
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