China Stocks

[Gamma1848]

NTES: Beat estimates but COO Zhan resigns (for personal reasons)

I love the Netease story because I know many Chinese-Americans who have become immersed in the World of Warcraft. There is still another 600 million Chinese yet to connect to the internet and WoW is cheap entertainment for the masses.

I have been adding gradually to a core position in my retirement account but I just sold out at $47.10 upon reading of Zhan's resignation. Their COO Zhonghui Zhan had been with the company for 12 years and had been a vital part of their development.

I like the NTES story, I like the general trend of the Chinese internet stocks, and I like the NTES chart. I might reestablish a position in an options approved account using puts as insurance.