China ADR’s on Fire! What to do?
The Chinese stocks are finally moving nicely, and the Shanghai Index is breaking to the upside as well. This sector could lead for awhile as we run up into the Alibaba IPO.
A few stocks we like and or own right now at the SRP service or otherwise:
WBAI- 500.COM Limited $37.75; Target $44-$50
Chinese online lottery service. The only one approved in China, and they have room for massive upside growth. Chinese currently only have 3% of lottery bets placed online, 97% are paper or offline. This is changing and WBAI could be a massive growth stock. They have formed a nice 17 week base pattern post IPO, just the type we like. We got long yesterday around $37.30, seeing upside to $44 near term to $52 intermediately. They have smoked estimates twice since going public.
TEDU- Tarena International $11.70 Target $14-$17
We are already up 30% on this I.T. Education provider since we recommended it to you in early June, it was up 55%. We continue to like it, in the 8th week of a Post IPO Base, just the type we like. Growing at 45-60%.
WUBA- 58.COM- $54.02- Target $60 plus
We got long this position at $52 area yesterday at the SRP service. We think a run to $60 looks likely near term. They are the Craigslist of China if you will… growing at lightning fast rates as well.
Largest market share of online Jewelers in China. We first wrote this one up at $23, its already up about 30%, but their growth rates are strong.
JUST A FEW IDEAS, THE STUFF WORTH READING… JOIN US AT SRP AND START SMASHING THE MARKET WITH LESS RISK AND MORE UPSIDE!
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