Tuesday, October 23, 2007

Chinese Stocks - Baidu, Sohu, Snda, Alibaba

Chinese Stocks are back on their move up after taking a breather last week and some yesterday. The big names had a big move today, SOHU,SNDA,BIDU,CTRP and many more. Also in the Tech sector from the states, there were some big movers such as Google and Yahoo. Technology stocks are still posting great eanrings and could for the rest of the year. Now is the time to take a look at some of these stocks and buy on dips, but be very careful about how fast they can move down. I bought STV at 29 and then sold half at 54, so now i am mainly into profits if I hold the stock, and i think i will, especially with the Olympics coming next summer in China. Look for Chinese stocks to maybe run until next summer and maybe beyond. Some big IPO's coming also, some on the Hong Kong exchange and some in the US.

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