SHANDA up 13%!

1. SNDA is up 13% today after releasing earnings. So, the 3 favourites Chinese game companies I like all keep their earnings momentum. I think I really should use the delay in the announcement dates to do some option trading.... However I think it will only work if you are familiar with the fundamentals. Checking Chinese game portal everyweek is very useful.

2. I think HK is bottomed out in the short term, like I said yesterday. Stocks to buy are laggards YTD (Ping An, HKEX, China Petrol, Foxconn...). HK developer may also rebound in the short term. Buy calls!! However, I think the rebound will not be long... may be 3~10 tradings days?

3. What to Buy?
868 HK, buy now: Goldman support, management buying shares, stopped dropping
1398, Buy if drop back to 4.5 (very hard to say right now...)
7003 JP ME&S , I think it has bottomed.... very cheap compare to history, fundamentals ok
MAJOR TB Major Cineplex, Result better than estimates (EPS 1.42 vs 1.19), better sales in major segments, mainly in ticket sales. Expansion to India another positive. Rising consumer confident in Thailand is also helping.