Just added some SINA to my hedge fund. Don’t ask me what they do…I have asked Wallstrip to help me with the fundamentals :) . Just assume the numbers are fudged and that getting their financials measure in Yuans is like having financials with blank paper.
That said, I want more exposure to this bubble and this stock has been around a while. If it breaks to all-time highs above $50…she could GO as momo’s climb aboard.
Understand that I am practicing what I have been preaching with this one. In a bull market, you make a few more bets. Nothing to apologize for or be nervous about. I am using less shares and giving this one a bigger range to trade. It’s a perfect set-up for this market and you take the trade.
Disclosure – Long SINA