NTES ==> The Houston Winner

[smaskell]

...hanging on...

Hey guys - I've been watching this thread - thanks for the info. Are there any updates on NTES?

Yeah, look out below...

Down 16% from MrM entry. I have to just chalk it up to market weakness. Motley Fool had a positive NTES mention on 05/20. I don't see much else about it in the news.
Hopefully, support will hold just below 43 or else 41 is the next stop down. I'm just happy I'm not in both NTES and VIT...

[bootsmagee]

anybody still hanging on?

[skiracer]

anyone that is still hanging on to this stock after it's moving more than 7% or so off their entry is down around 39% as of a few minutes ago. Not only are they down 39% but they could have been out at a much more reasonable point and, taken their loss, and been making money with that money that is now sitting doing nothing while their minds are in a confused state of affairs wondering why they let it go to this point.
Plus they could have made a much nicer entry at this point or at any point along the way on it's trip downward. I wouldn't buy it on a bet right here but right here is much nicer than at any level of where it's been before this point.

[mrmarket]

anyone that is still hanging on to this stock after it's moving more than 7% or so off their entry is down around 39% as of a few minutes ago. Not only are they down 39% but they could have been out at a much more reasonable point and, taken their loss, and been making money with that money that is now sitting doing nothing while their minds are in a confused state of affairs wondering why they let it go to this point.
Plus they could have made a much nicer entry at this point or at any point along the way on it's trip downward. I wouldn't buy it on a bet right here but right here is much nicer than at any level of where it's been before this point.

I'm still in...love their earnings and revenue growth. But since its a Chinese stock...can I trust their numbers...hmmm.

[skiracer]

I'm still in...love their earnings and revenue growth. But since its a Chinese stock...can I trust their numbers...hmmm.

I would only trust the Chinese for their food, and those dishes might be cat instead of pork. But while in Southeast Asia back in the mid 60's I did eat both cat and dog and couldn't tell them apart from chicken, especially with a little bit of their homemade fish sauce spread on the meat while on the barbeque spit.

[meteoraln]

Hey Mr Market!! I just started looking into NTES because of Skiracer's comment. The numbers on the financial statements look pretty good and I want to potentially enter this. But this is an ADR and I was hoping you could explain how they work or where to find information. The financial statements are in CNY, showing 11.3bn shareholder equity, which is about 1.7bn USD. The market cap of the NTES ADR is 200m USD. There are 3.2b share of the chinese stock oustanding, and there are 5.1m shares of the ADR outstanding. How much ownership am I buying when I purchase 1 share of the ADR? Know where I can find this info?

[meteoraln]

Wait... nevermind. I just found it... it's 25 shares per ADR. It was in the 20-F.

[skiracer]

Wait... nevermind. I just found it... it's 25 shares per ADR. It was in the 20-F.

it's not that I don't like this stock but I would think this is a bad time to be looking to make an entry. Markets are way to volitaile with the big swings and China is really under pressure right now with all the accusations regarding their manipulation of their currency. Bad time to be looking to buy anything Chinese much less contemplating anything long term. This one is up over 3 points this past week. I would be patient and wait until you see which way the wind is going to blow this coming week.
Plus the weekly chart looks terrible.

[jiesen]

First of all I wanted to apologize for the delayed write up. I had planned to issue it during my trip to Houston, but instead of doing the write up I decided to drink 1000 beers at a crawfish boil. For those of you who’ve never been to a crawfish boil, please put it on your to do list.

Never mind all that. When I get home, I am sure the first thing I see when I get home is my youngest son, Fuffrey, playing a video game. Now I’ve tried to sit down and understand this game but usually it’s a lot of chatter and noise and then a bad soldier with a gun shoots someone and you get something that looks like blood all over the TV screen. Don’t get me wrong. I’m all for good clean fun. However Fuffrey likes to play this game a lot. I mean he forgets to eat, sleep, and talk to other humans. So it got me to thinking – someone is making money off of my brainwashed and addicted child. And if that is indeed the case, well then it might as well be $$$MR. MARKET$$$.

Yesterday I bought Netease.com (NTES) at 53.37. I will sell it in 4 – 6 weeks at 61.56. Here’s why I like NTES.

It's hit 60 now, and 61 is just around the corner!

[jiesen]

I'm out!!!

NTES hit my limit order yesterday at 61, so I'm out with my 15%! Thanks for this fantastic pick, $$MM!!! You are HUUUUUUUUUUUUUUUUUUGE!!!!