Tag Archives: BIDU

SINA Corporation (SINA)

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Sina Corporation (SINA) has been an Optionmillionaires favorite over the past few months.There is nothing that an option trader likes more than a volatile stock, and SINA Corporation (SINA) sure fits the bill. SINA Corporation (SINA) reported earnings after hours, and the stock rose nearly 7%. Folks were expecting a loss, which they got, but revenue was above expectations. With all the bad press as of late, it was almost a relief that SINA Corporation (SINA) expects to still generate revenues with the China censorship crackdown.

It's one of the reasons we think there will be some serious upside upgrades tomorrow. SINA Corporation (SINA) pulled in just over $100 mil in revenues for the past quarter, yet has over 300 million users of its twitter like service. If they are able to just pull in $.50-$1 per user, they will experience some SERIOUS growth. Smart "Growth Companies" sacrifice short term profits, for long term growth. Looks like Sina CEO Charles Chao is continuing to do that, which is great news in our opinion:

Sina CEO Charles Chao said: "China's macroeconomic weakness in the first quarter the Company's brand advertising business growth moderate. We expect the macroeconomic aspects of the resistance will continue until the second quarter, however, we have begun to test the water micro- Bo brand advertising business. this advertising product recommendation engine driven by the map-based social interest, is expected to be in the second half of the year for our brand advertising business real impact. the current the microblogging advertisers preliminary feedback is encouraging, we believe that to continue major investment is necessary for social media and related projects. "

 

Of course there are the folks looking at the news release tonight seeing this headline:

Sina Corp could see further losses due to Weibo: CEO

The market is forward looking, and think this view is very short sighted. With the penetration they have, in a market with few competitors, I think SINA has much more upside then folks are giving her.I guess we will see tomorrow. Here is what we were saying on our watchlist this morning and monday:

SINA – 60 calls before the close for me, think earnings will not be too good, but the outlook and china restrictions will be the key.

SINA – reports this week as well, with RENN. Hard to figure, but I still like SINA. Not sure of the strikes yet and may wait till Tuesday AM.

 

Happy Trading!!

 

Disclosure: we hold $57.50 and $60 MAY calls

Whats going on in Chat???

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One of the reasons to join Option Millionaires is the chat room. I have been in many chat rooms, and have yet to find as diverse a trading community as we have here. Not only are there many trades and strategies being posted, but it feels like one big community focused on making money!

Here are some of the trades from yesterday I posted in chat that made some serious moves:

1. BIDU was on the morning watchlist. Here is what i wrote:

BIDU earnings were great, but stock tanked AH’s. Looks like all the ANALysts reduced PTs but kept rating, so stock should bounce IMHO to $137+ or so. Will look for $135 calls at open.

What i said in chat:

2012-04-25 09:29:41            Message            jimmybob            Option Millionaires Live            BIDU $135 calls... have order for 10 @ .40

2012-04-25 09:30:37            Message            jimmybob            Option Millionaires Live            opentrade BIDU #$135 calls @ .47 AVg 10 of them

2012-04-25 10:57:50            Message            jimmybob            Option Millionaires Live            BIDU will be green today SAID it PM when it was 128

BIDU ran from $128 to $136.14 and went green just like i said. The $135 calls i bought in the morning were a 400% gainer. 

2. LNKD was on the morning watchlist. Here is what i wrote:

LNKD- FB IPO rumored delay brought some more selling pressure to the stock, but it is trading over $100 pm, and still like her to go nuts over $110 VERY SOON. 105 and 110 calls will provide more profit oppty’s just like last week.

What i said in chat:

2012-04-25 11:55:56            Message            jimmybob            Option Millionaires Live            opentrade LNKD 105 calls added 20 more @ .50 avg

2012-04-25 12:37:40            Message            jimmybob            Option Millionaires Live            LNKD volume is shit... great sign

The LNKD 105 calls hit 2.15 today from .50 entry yesterday. a 400%+ gainer.

3. With Bernanke speaking, there was sure to be a movement in the USD. Any weakening and commods would move to the upside. Silver became the play in the afternoon on the bounce. Brought silver to the chatroom, then posted the AGQ trade on the calls.

What i said in chat:

2012-04-25 14:10:31            Message            jimmybob            Option Millionaires Live            SILVER TIME FOLKS

2012-04-25 14:09:59            Message            jimmybob            Option Millionaires Live            opentrade AGQ 11 of the 50 calls @ .35

2012-04-25 14:11:07            Message            jimmybob            Option Millionaires Live            AGQ 48.12

AGQ hit 50.75 today, and the 50 calls hit 1.05 for a 300% gainer.

 

These were some of the calls in the chat from myself, and there are many others from everyone in the room. And there are many experienced traders ready to answer any questions you may have. Cool think about the site, is you get a 14 day trial to give it a whirl. Check us out: https://www.optionmillionaires.com/subscribe/