LONG / EXPE
LONG is up 50% today, EXPE owns 56% of the outstanding shares and those are valued with about $750 million now, about $250 million more than last night. Yet EXPE (which I own) is up a measly 1.x percent. With Tencent now on board, Expedia and eLong should have a good chance to gain market share in the years to come. At some point the market will understand this.