Buy Long Sohu.com. Ticker SOHU
Buy Entry: 55.13 to 62.73
Stop Loss: 2% to 8% or more depending upon how much you can handle losing.
Take Profit Areas:
74.05 to 79.71
88.69 to 103.69
104.00 to 121.59
135.76 to 158.72
177.33 to 207.33
China Internet Usage
China now has the biggest number of internet users in the world with the USA a close second currently. China has now recorded about 220 million internet users. Watch China and USA internet users and usage going forward. I expect China to leave the rest of the world in the dust in time. As India continues to develop, then they should be taking second someday soon with their 800 million or so population.
Now I’m thinking already, that I’m going to see comments on my post here that says something like I’m crazy to buy into a China stock right now because the Beijing Olympics have ended, and everyone outside of China is expecting a slow-down there for a variety of reasons right or wrong, good or bad. If you call a slow-down from 12% to 8% growth a slow down, that’s your choice. I call it growth, and big to say the least. Or any other number of comments that don’t agree with me. No problem, I’ll just wish you a Kung Hei Fat Choi right now.
I’ll put it to you this way. I don’t listen much to analysts or anyone else for that matter, when they talk about another countries future prospects, and they don’t have any or much at all Visa’s stamped into their passports. Speculate all you want from your armchair, but not with my money. For those of us who visit China frequently, we know all to well what’s going on there with their own domestic driven consumer demand, and high quality demand I should also add.
Sohu Company Profile
Sohu.com Inc. (Sohu) is an Internet media company providing Chinese consumers with their daily source of information, entertainment and communication. It has built matrices of Chinese languages Web properties and search engines, consisting of www.sohu.com, a mass portal and online media destination; www.sogou.com, an interactive search engine with a database capacity of more than 10 billion retrieved Web pages; www.chinaren.com, an online alumni club; www.17173.com, a games information portal; www.focus.cn, a real estate Website; www.goodfeel.com.cn, a wireless service provider, and www.go2map.com, an online mapping service provider. The company operates two massively multi-player online role-playing games (MMORPG games), namely Tian Long Ba Bu (TLBB) and Blade Online (BO), and a casual game platform. Sohu also offers wireless value-added services, such as news, information, music, ringtone and picture content sent over mobile phones.
Click here to review and Trial the Trading Software I used in determining my buy long position on SOHU.