Ctrip.Com is a Trip
I have been watching Ctrip.com (CTRP) since it hit $60 back in Dec. I wished at the time that I was in it but the run up in 2006 kept me at bay. I thought maybe this stock will come in and I would have pounced on it at $56. But since then the stock has not looked back and I see it up a buck or two every single day. Today, the stock is almost at $75 and will probably hit $100 at some point this year. But the easy money is made and I am not about to chase it. I have been burned badly far too many times.
– Faisal Laljee
Full Disclosure: I do not own any shares in CTRP although my position might change anytime without notice.