Thursday, October 13, 2011

Sina (SINA) Trading in its Own Zone

Not really sure what is happening in Sina (SINA) today - it's up 13% on a day where not much is happening in the market.  Maybe some speculators reaching for a beta trade on a slow day.  Can't seem to find an analyst upgrade or anything of that sort.

This name was hit along with a bunch of the cChinese internets a few weeks ago on the reports of regulators looking into accounting...

It's obviously right below a hoard of resistance...

EDIT 1:08 PM - reader says an upgrade today by a research firm.

No position

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