SINA Sina: It's a trade only....

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	David Sachdev
	Washington, DC User since Dec 2009	38
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It's a trade only....

But I've been spending what little free time I have when it comes to trading with SINA lately, that I thought I should put a coverage in. Catch it when it's low...and move with the volume. Yes, I realize that this coverage isn't very helpful, but it is an interesting stock to watch on extreme market days.

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What People Are Saying...

Josh Warner-Burke agreed at 6/24/11 3:20 PM Price action was $89.25 1.35 (+1.5%)

Yeah... are Chinese stocks in fashion again? (MOBI a big mover also) As opposed to the last few weeks when they were lepers...

David Sachdev said at 6/24/11 4:15 PM Price action was $89.26 1.36 (+1.5%)

SINA has definitely had some big moves. In addition, it seems that the markets...in addition to Greece, keep reacting to OUR bad employment numbers.

With the economy in China doing so well....what do they care about OUR employment (or lack thereof) numbers?

Josh Warner-Burke said at 6/27/11 10:37 AM Price action was $93.51 4.16 (+4.7%)

Yes, there should be a decoupling with stocks like SINA, which should move in reaction to the Chinese economy. But it would seem to me like one of those proxies for risk tolerance - i.e. most people investing in SINA are just momentum traders and could care less what they sell or do.

David Sachdev said at 6/28/11 12:41 PM Price action was $100.15 5.35 (+5.6%)

Added some July 100 Calls around noon today. So far so good, although that position may get closed out before the day is over.

David Sachdev said at 6/30/11 4:56 PM Price action was $104.10 3.65 (+3.6%)

Nice strong close...

David Sachdev said at 7/1/11 12:12 PM Price action was $108.06 3.96 (+3.8%)

Closing out ahead of the 3-day weekend. This was a trade...and will likely get back in next week.