China Internet Plays Stay Hot

China internet stocks continue to show amazing gains as Inc. (NASDAQ:SOHU) leads the charge, trading at $106.63, +10.94 (+11.43%). SINA Corporation (NASDAQ:SINA) is not far behind and even small caps like China Finance Online Co. (NASDAQ:JRJC) is getting in the mix with a solid gain of 0.84 (+15.53%).

These stocks have been the hottest plays out of China recently as, Inc. (NASDAQ:BIDU) was a $10.00 stock in 2009 and now sits at $150.00 per share. While these stocks have been hot, the multiples are getting a little excessive. In most cases, these stocks are trading at forward price-to-earnings ratios of 50 or higher. While amazing to watch and marvel at, a true investor and swing trader would not touch them with a ten foot pole until they have corrected.

About Gareth Soloway 168 Articles


Gareth Soloway has been an avid swing and day trader since his days at Binghamton University where he studied Economics. After college, Gareth quickly excelled as a financial advisor, helping clients get their financial houses in order. While helping others gain financial independence, he continued to study the day trading and swing trading world, developing a unique market philosophy and proprietary methods. Following his work in the financial sector, Gareth went on to trade alongside professional traders. Unable to tolerate the hype of Wall Street any longer and having an amazing ability to profit using his developed techniques, Gareth Soloway decided to partner with his friend and colleague, Nicholas Santiago to form Chief Market Strategist Gareth Soloway serves as the president and CFO of InTheMoneyStocks.Com.

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