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Chinese Internet stocks, many of whom fell yesterday on worries about the Middle Kingdom's...

Chinese Internet stocks, many of whom fell yesterday on worries about the Middle Kingdom's growth outlook, are falling harder today. BIDU -4.9%. SINA -7.9%. YOKU -9.1%. TUDO -9%. SOHU -5.4%. RENN -5.8%.
Comments (3)
  • beachie
    , contributor
    Comments (32) | Send Message
     
    seems overdone...where can i get more info
    17 Jul 2012, 11:05 AM Reply Like
  • doctorgreenback
    , contributor
    Comments (24) | Send Message
     
    RENREN has told its employees of a spin off of the gaming division in September. You can google this news and should get about 10 hits over the past 8 weeks regarding spinoff.

     

    Volume today is dramatic despite the stock moving down on little volume at the open.

     

    Closing in on 200m users now.

     

    56.com (RENN's chinese youtube) has been seeing MASSIVE webtraffic and has NOT YET implemented their deal with VIKI (HULU-NFLX) to stream shows which will begin in August.

     

    Nuomi.com (RENN's chinese GroupON) has moved from 1200th most visited site in the world to 900th in less than 3 months. Recent articles you can google describe Nuomi's platform with RenRen's users to be achieving web dominance and getting deals with significant revenue.

     

    So we have a stock trading for $4.08 with $3 per share in CASH..no debt.. and massive growth - both vertical and horizontal.
    17 Jul 2012, 12:47 PM Reply Like
  • Lawrence Lee
    , contributor
    Comments (53) | Send Message
     
    I wanna say the F word ...
    17 Jul 2012, 03:37 PM Reply Like
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