globalHOBBIT

Interesting Reactions to Ctrip Earnings

If you'd listen to CTRP's conference call or webcast or read the full press release than why they guided at 15% - 20%, lower than usual, was very well explained. Ranging from weather conditions, domestic and global economic concerns and expectations and the continuing impact of the earthquake. The reason the stock popped over $10 was previous guidance that was overly cautious as the actual results indicated. I'm long this stock at $43 soon to be $70. This is a Cabot China & EM Report perpetual buy as well as a Morningstar favorite with a sell call at around $70.