After today’s Q4 2005 Earnings Conference Call, Shanda 盛大‘s stock shedded nearly a quarter of its value. The amazing thing is, there really weren’t any surprises in the conference call. Sure, there were some one time expenses related to acquisitions, but nothing to justify this. I had been planning on investing in either Ctrip or Baidu next, but at these prices I’m selling my off toys in order to buy more Shanda. Seriously. I sold some of my things to finance the purchase of another 150 shares today (at $13.56 each).
Disclaimer: If you make investment decisions based on what I write, you do so at your own risk.