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2005 May - 10% cover exit decision costs me to miss 12000 profit in one day. Was time to stick long aikido move

I am afraid I am going to be down thousands by the end of today. But still, I have bought 1500 shares in NTES a Chinese net stock. But if Sina's results from yesterday were bad then I am at risk of losing loads. It is the risk I have chosen to take today because I know the direction of the indices for the next two years and I have bought on a six week correction. Fingers crossed you crazy gambling bastard.

This is NTES.

Sina nose dives on news that their revenue will be cut in the future because of the Chinese government banning all text messages to mobile phones. But they had record forth quarter profit. Despite this they loss thirty per cent in the morning to recover being down only fifteen per cent at the end of the day.

My shares in NITE dived too but recovered to where I bought them at. Tomorrow I will sell them if they do not get off to a hot start.


I sold my NITE. Just in time because by the end of the day they were down five per cent.

 I am gutted my favorite international stock of the last year is CTSH cognizant. I was so worried about not losing in NTES I didn't buy any cognizant CTSH. CTSH had their results revealed today. CTSH reported profits up seventy five percent. Their shares have shot from 37.5 to 46 in two days. Stay away from Chinese and US Internet stocks they are too volatile. 


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