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Sell Alert: NetEase (NTES)

NTES was recommended by Cabot China & Emerging Markets Report at $47.16 inInvestment Digest issue 709, dated December 14, 2011.

NetEase, Inc. (NTES, $50) was rebounding a bit but this morning’s sour earnings report was too much to overcome -- both sales and earnings missed estimates, and the stock was punished as a result. Shares...

NTES was recommended by Cabot China & Emerging Markets Report at $47.16 inInvestment Digest issue 709, dated December 14, 2011.

NetEase, Inc. (NTES, $50) was rebounding a bit but this morning’s sour earnings report was too much to overcome — both sales and earnings missed estimates, and the stock was punished as a result. Shares are actually still above their lows from earlier this month, but the big-volume decline tells us the sellers are in control. SELL.”

- Paul Goodwin, Cabot China & Emerging Markets Report, August 16, 2012