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The Journey Back to Ctrip
Posted on May 16, 2008
I sold out most of my Ctrip.com (CTRP) in early May in the upper $60s as the stock had made a huge run. [May 2: Bookkeeping: Cutting Ctrip.com to Almost Nothing] The company posted very good earnings but some vague future guidance has the stock down 10%+ to the $56 range, so I am going to buy back what I sold off here in the $56-$58 range. This allows me to get back the shares I sold off for a 14-16% discountfrom where I sold them not 2 weeks ago. I still find the valuation hardto swallow, but this company has been a personal favorite for years andis never cheap . If the stock falls to th...
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