Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 680.44

+0.6%

Dec 19 4:00 PM EST

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From: Dr. Stoxx	9/27/2005 10:28:43 AM
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10:24 NTES Netease.com: Color on recent strength (94.39 +2.63) -Update- Following yesterday's almost 10-point move in NTES, as well as today's strength (+2.9%), we're hearing from contacts that there's really no news out there moving the stock. In the final hour of trading yesterday, there was a rumor that GOOG may buy NTES, but we'd take this type of chatter with a grain of salt given that the stock was already showing relative strength, and given the frequent rumors of GOOG making acquisitions in China (BIDU was the most recent rumored tgt in China, not to mention VCLK and AOL here in the US). In short, we tend to think the recent views posted by our analysts on the Briefing Trader page are correct: for whatever reason, traders are betting that NTES eventually gets pulled to the $100 level like a magnet, and they're not going to fight such relative strength.

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