Chinese gaming industry boom? Stock is up $14 in pre market!
This is VERY unusual behavior! MANIA type price movement.
And I was wondering if SOHU and KONG etc will follow? Risky business trying to get in front of bubble behavior, but more of these report next week.
Seeing a stock fly $14 makes anyone wish they were there, feels like 1999/2000 all over again.
We are seeing manic herding into Chinese stocks, housing, energy, etc quite an amazing situation, BUBBLES ALWAYS BURST.....appetite for risk obviously has not been shackled, I am not sure how much further it can go.
And this type of behavior, is Greenspan watching? There will be NO hint of a slowing of the pace of the FED, IMHO
OH, NTES is a 24% jump from the close.
Duratek
Wednesday, August 03, 2005
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