Replies to post #315867 on Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

Cash has not changed much, just 1% lower from last nigh or so, around 25%. As for the daily map, I expect a close around 1975 pus minus the usual 5.

[marketmaven]

TT- Barfing.com Humping Chinese Small Float IPOs
(and I do mean POS's- who trusts their 'numbers???)

eLong IPO prices at high end of range - Chinese online travel company (LONG) 13.50: eLong prices its Deutsche-led IPO at $13.50, at the high end of its expected $11.50-$13.50 range. The co is an online travel service provider in China. It serves China's emerging class of frequent independent travelers for business and leisure. Through its call center, websites and reseller network, it is able to book rooms at discounted rates at over 2,600 hotels in more than 220 cities across China. Its hotel booking volume has increased from 389,000 room-nights in 2001 to 1 mln in 2003. In the 6 months ended June 30, the co has already booked 847,300 room-nights, up 146% yoy. It also sells air tickets for all major airlines in China and many international airlines. The co is still small, but growing strongly. Thru June of this year, the co generated revs of US$7.3 mln, up 146% yoy (about 80% is from hotels). The co posted a small profit in 2003.... The first name that pops in the head of any trader worth his ilk is fellow Chinese online travel company Ctrip.com (CTRP 41.71 -0.34). CTRP is an IPO (Dec 2003) that is trading 131% above its $18 offering price. The Chinese IPO space has been very strong, especially the names coming out in the past few months: JOBS, JRJC, KONG, LTON, SNDA. The online IPO space generally has also been strong: ECST, INCX, SHOP.... This name is certain to attract traders given it small float (4.6 mln), its hot sector, its growth rates and that it is profitable.