Aside from E-House Holdings (EJ) which completely fell flat on its face, one of the best earnings reports of the past few weeks was Ctrip.com (CTRP). Unlike EJ, the stock gapped up after earnings and tacked on a bushel of points. Today the stock has come back and filled it's gap in the $66s, where I am going to create a starter stake of a 0.5% allocation. I would prefer to be a buyer around $60 (where I'll place a limit buy near) with a stop loss below that point. But it's an ok place to begin a position with hopes of lower prices in the future.
We have not owned this name in a while... this is normally where I'd talk about valuation, growth metrics, fundamentals but it all has become moot. Stare at the dollar chart, and act accordingly.
As an aside I am laughing out loud at my main watch list... about 60 stocks. All but 1 stock is in the red ... while the dollar is up 0.25%. This inverse dollar trade is so sickening.
Long Ctrip.com in fund; no personal position