BluelightNewsletter

Disclaimer: My personnal opinion is for your entertainment only & should not be used as advice on your decision. I may sell or buy (to cover) my holding according to the market movement. I am not a licensed financial advisor. Please always do your own DD. Set protective stops & not be too greedy. You are responsible for your own decision. I wish you good luck trading. -Blue

Tuesday, November 07, 2006

Why I called LTON KONG...recently?

Recently I called LTON @5.53(Bot LTON@5.53 --Oct 31), now 6.07; I called KONG @7.97 (Bot some KONG@7.97 for ER play next week//ER Nov 8 --Nov 3), now 8.33.

Reasoning:
1)Overall Interenet sector has been strong, shown by HHH.
2)These Chinese Internet players seems to have strong cash in hand. Solid book. Not bad earning.
3)The Chinese stock market has been a strong bull market, these Chinese Internet players could be benefiting from it because they have lots of cash in hand.