Wednesday, March 29, 2006

A Rumor or a News --- SINA

SINA (Sina Copt.)

I saw an article on a Chinese website. It mentioned that TOMO (TOM Online Inc.) is going to buy 20% of SINA at $30.

Today, the closing price of SINA is $27.64.

The technical analysis shows SINA is at a strong back. It might be related to the buying news.

Because the Chinese net stocks caught Wall Street attention recently, there is a chance for short and mid term players.

My suggestion: Buy (6.5)

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