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.
Happy new year, Faisal. Hey, I’m looking for a good buy-write candidate. Any thoughts?
Larry – I don’t have any write candidates, but I like call options on JWN, DIS, BSX, MER, WAG, BA and DNA. I own everyone of these as options plays except DIS, which I might buy tomorrow.
Hope you are well. Have your views on the housing market changed somewhat?
– Faisal Laljee