How to Trade SINA After Earnings
126 views · Published 12 May 2011 · 3:41 · Indexed 25 October 2026
Channel: T3 Live · 2011 · News & Politics
SINA Corporation (SINA), one of the leaders of the Chinese Internet stock surge we have seen over the last few months, reported disappointing earnings last night, but is still positive pre-market. Aggressive spending on the companies Weibo service accounted for the EPS shortfall, which came in at 25 cents per share vs. 27 cents per share expected. I would not be a long term investor of SINA now until it clears $128, especially if the market continues to act heavy. I look for $120 as short term support if it stays up and opens above that number. Look for first high and low intraday and wait for that clear technical set up.
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