Ctrip +6.6%; CEO reportedly making big purchases

• China's QQ.com reports Ctrip (NASDAQ:CTRP) chairman/CEO James Liang has been buying "about a million dollars in stock every day" over the last several days. 86 Research confirms Liang has been buying shares.
• Ctrip has tumbled over the last two weeks, thanks both to its soft Q4 sales and margin guidance, and a broader selloff in Chinese Internet stocks.