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To: chowder who wrote (49632)	10/29/2003 9:01:49 AM
From: Ron McKinnon	Read Replies (1) \| Respond to of 53068

a tough one to call I really do not know the company at all so should pass 16:20 ET NTES Netease.com misses by $0.02 (65.85 +0.42) Reports Q1 (Mar) earnings of $0.30 per share, $0.02 worse than the Reuters Research consensus of $0.32; revenues rose 96.3% year/year to $17.7 mln vs the $18.6 mln consensus.

To: chowder who wrote (49632)	10/29/2003 10:18:57 AM
From: BWAC	Read Replies (1) \| Respond to of 53068

I'd only trade NTES if I could buy some Puts at a reasonable price. I guess that would be something like 5% premium. NTES at $52.60 equals a Nov 55 Put at $5.10 for example looks good to me. I'd be looking to enter the trade initially after/during a big intraday push down to the lows or at a stable period (hhaaaahaa) or lull in the trading of it. The stock bounces around soooo much that the Put could well be paid for by the end of the day or week by rapid flipping of shares. And as long as NTES stays somewhere around 50 to 55 level, that Nov 55 Put will keep about $3 of value into the 3rd week of November. Or maybe the better play is one of its twins, SINA or SOHU, entered first with Puts now, and then try to buy the stock (or just close the Put) later under the theory they follow NTES down. And I am surprised they haven't already followed NTES down big.