Perfect World Co., Ltd. (PWRD)

flyingfish76 (< 20) Submitted: 6/16/08 12:56 PM : Start Price: $25.01 PWRD Score: 7.22

This gaming stock has been battered, along with the rivals.


But looking at the fundamentals, it is a company that grow & it grow fast. I'm looking for a short term trade here, and I think June 26 will provide another catalyst for the stock when it annouce the release of its new game (beta version?). I got in at 21.52, and holding it for the next bump. Target is still kept at $36 from that ROTH analyst.


I think it may reach closer to $30 soon, and I'll reduce my position slowly and then buy it again if it goes lower.


Bottom line fishing: that's $5 or so from today, so you are not too late at all, 20% potential gain from my view.


Even if the stock drop, the longterm value is still great.


China is growing, still growing, a lot more buying power than before. Meaning, a lot more cash to spend. This is an addictive game & the Chinese love addiction.


Get in today, take a deep breath & enjoy the ride.


Caution: very volatile.

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