Update on SINA Corporation
On August 2nd, I sold SINA for a decent return. Since then it has been on a wild ride rising to over $45.00 and then with the recent fears of a double dip recession, it has taken a beating. I'm going to patiently wait this one out and have put in a stink bid under $40.00 should it dip. I still view this as a good play long term, but I sold out earlier this month to lock in some gains.
Patience is the key word here.
Patience is the key word here.
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