These stocks have outperformed, more like blown away, the DOW and S&P 500, but they must be due for a correction soon. Check out some of these stocks:
JRJC (China Finance Online) - up 100% in about two weeks
BIDU (Baidu.Com) - up 185% YTD
STV (China Digital TV) - up 75% on its first day of trading.
there is a whole of these stocks at this link: http://www.cnanalyst.com/internet/index.html
Anyone have thoughts on these stocks? I know China is growing fast and furious, but I am not sure its growth is 100% in two weeks. :) I have seen people comparing the breakout in these stocks to the .com boom of the late 90s early 00s, but those companies didn't have any earnings and these do!
I tend to agree with you. I
I tend to agree with you. I feel like it is too late to get in on the action with these stocks, but I will be watching them for a dip like the Chinese market had earlier in the year. It might create a buying opportunity for some of these stocks.
Yeah that is a tough call
Yeah that is a tough call really. You could future them hping for a drop and they could skyrocket more, or you could invest and loose a good portion. Just too risky in either way in my opinion.
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