Thursday, November 19, 2009

Bookkeeping: Beginning Starter Stake in (CTRP)

Aside from E-House Holdings (EJ) which completely fell flat on its face, one of the best earnings reports of the past few weeks was (CTRP).  Unlike EJ, the stock gapped up after earnings and tacked on a bushel of points.  Today the stock has come back and filled it's "gap" in the $66s, where I am going to create a starter stake of a 0.5% allocation.  I would prefer to be a buyer around $60 (where I'll place a limit buy near) with a stop loss below that point.  But it's an ok place to begin a position with hopes of lower prices in the future.

We have not owned this name in a while... this is normally where I'd talk about valuation, growth metrics, fundamentals but it all has become moot.  Stare at the dollar chart, and act accordingly.

As an aside I am laughing out loud at my main watch list... about 60 stocks.  All but 1 stock is in the red ... while the dollar is up 0.25%.  This inverse dollar trade is so sickening. International, Ltd. is a leading travel service provider of hotel accommodations, airline tickets and packaged tours in China. Ctrip aggregates information on hotels and flights and enables customers to make informed and cost-effective hotel and flight bookings. Ctrip also sells packaged tours that include transportation and accommodations, as well as guided tours in some instances. Ctrip targets primarily business and leisure travelers in China who do not travel in groups. These travelers form a traditionally under-served yet fast-growing segment of the travel industry in China.

[May 14, 2009: - Steady as Always]
[Aug 14, 2008: Interesting Stock Reaction to's Report]
[May 15, 2008: Down on Earnings - I'm Buying]
[Feb 28, 2008: Continues to Impress]
[Jan 5, 2008: Zachstocks on]

Long in fund; no personal position

Disclaimer: The opinions listed on this blog are for educational purpose only. You should do your own research before making any decisions.
This blog, its affiliates, partners or authors are not responsible or liable for any misstatements and/or losses you might sustain from the content provided.

Copyright @2012