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IBDvalueinvestin (98.56)

Chinese stocks rallying hard in Pre-market



January 13, 2010 – Comments (5)

Chinese stocks up big in pre-market after yesterday's big selloff in Chinese stocks:

BIDU up +61.22

SOHU up +2.57

NTES up +1.60


Up modestly are:

SINA up +0.58

CSIQ up +.28


Others to watch after the open: ONP, HRBN, JST, RINO 

5 Comments – Post Your Own

#1) On January 13, 2010 at 8:21 AM, TRDRJO (76.12) wrote:

This rally is narrow and tied to Google's rumored exit from the Chinese market.  These companies could all benefit from Google's rumored exit.



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#2) On January 13, 2010 at 8:25 AM, IBDvalueinvestin (98.56) wrote:

You say narrow? BIDU is a market mover in CHINA.

When BIDU rallies all of CHINA rallies.


Its like having Huge news out of GOOG in America

Causes entire tech sector to rally.

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#3) On January 13, 2010 at 8:46 AM, IBDvalueinvestin (98.56) wrote:

CHL China Mobile initiated with a Outperform at Bernstein; tgt $58 (currently at 49.01 )

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#4) On January 13, 2010 at 8:49 AM, IBDvalueinvestin (98.56) wrote:

BIDU upgraded to buy new target $523 by UBS


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#5) On January 13, 2010 at 9:14 AM, JaysRage (79.95) wrote:

Well, I would have expected some sort of a rally in Chinese stocks in general, since the grand majority of them took a beating yesterday.   There is still a loose correlation (but it is loosening) between commodities and Chinese stocks, so when Alcoa hit the fan yesterday, I kind of expected some Chinese fallout.  


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