Sohu.com Inc. will report its second quarter 2008 unaudited results on Monday, July 28, 2008, before U.S. market hours. Looks like a good runup to earnings is quite likely, thus providing a near term opportunity.
SOHU is China's equivalent to GOOG in the USA, but not yet as pervasive or appreciated. And they have a strong gaming component which resonates with the Chinese market. This should power their long term growth.
Sohu.com, Inc. provides a range of online products and services to consumers and businesses in the People’s Republic of China. Its products and services comprise brand advertising, sponsored search, online game, and wireless services. The company’s products and services to users include aggregated content on various topics, including news, business and finance, entertainment, sports, information technology, automobile, real estate, and women; online video products and services; communication and community tools, such as alumni clubs, blogs, email, picture galleries, message boards, and Web ...
I like SOHU but, today it is a short term sell. This sprung way too high and will probably correct. It definitely had a great earnings report but, in my opinion not good enough for the gap that it opened with this morning. I'd try for a one or 2 day sell or put option then it will be a buy. If your a swing trader it's gaps like this that can make you some money. Good luck!
This Chinese internet search engine and other online services content provider has had 67% ytd price growth and has exclusive advertising contract for 2008 Summer Olympics in Bejing. BIDU is another player but may have seen its best run already. Think of it as the Chinese Google or Amazon. Nuf said.
Fund positions of 1.0% or greater can be found each week in the right margin of the blog, under the label cloud and recent comments areas; I highlight weekly the larger position changes.
Being a long only fund, via Marketocracy rules, the only hedges to the downside I have are cash or buying short ETFs. I cannot short individual equities.
Sohu.com (SOHU) is the perfect example of the stock market today. They did a triple play today - beat on earnings, raised guidance and to top it off announced a $150M share buyback or just under 10% of their market cap. For all that we are seeing just over a 4% gain. That's laughable. If you miss in this market or lower guidance you can drop 30-40% in a heartbeat. If you do everything right you can gain 4%. That folks is the definition of risk/reward not in your favor.
We sold the last of our Sohu.com on Sept 9th in the $65s; it is now in the mid $40s - another "round trip" in the maki...
Fund positions of 1.0% or greater can be found each week in the right margin of the blog, under the label cloud and recent comments areas; I highlight weekly the larger position changes.
Being a long only fund, via Marketocracy rules, the only hedges to the downside I have are cash or buying short ETFs. I cannot short individual equities.
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