SINA's Shares Dropped: What You Need to Know (BIDU, SINA, SOHU)

SINA's Shares Dropped: What You Need to Know

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Chinese online media giant SINA (Nasdaq: SINA ) hit the Great Wall today, falling as much as 10.2% on above-average volume.

So what: Media reports said that the Chinese government might put limits on online-media and social-networking sites to curb the so-called Jasmine Revolution, which would put SINA right in Beijing's crosshairs. But the pain didn't last: SINA closed the day with a smaller 4.8% drop.

Now what: Fellow China-based internet veterans Sohu (Nasdaq: SOHU ) and Baidu (Nasdaq: BIDU ) also felt the sting of the censorship reports but recovered to gains on the day. SINA has been through these Big Brother swings before and survived to blog another day. SINA's Weibo service, which is something like a Chinese version of Twitter, may yet help China make the move to democracy, which is exactly why the incumbent rulers want to make it go away. This story is getting intense.

Interested in more info about SINA? Add it to My Watchlist.

The Steve Jobs Betrayal
You may already know that in the final year of his life, Jobs revealed a stunning betrayal — and told his biographer, "I will spend my last dying breath... and every penny of Apple's $40 billion in the bank to right this wrong." What was it that made Jobs so irate — and why could it make a few in-the-know investors some major profits over the coming months and years?

Enter your email address below to find out what made Jobs so enraged!

Fool contributor Anders Bylund holds no position in any of the companies mentioned. Motley Fool newsletter services have recommended buying shares of SINA, Baidu, and Sohu.com. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Check out Anders' holdings and bio, or follow him on Twitter and Google+. We have a disclosure policy.

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.

Report this Comment On October 26, 2011, at 7:07 PM, spike1299 wrote:

I was always more worried about the Chinese Govt, making investing in their stocks more volatile, compared to the U.S. Markets, but now convinced, after what happened to NFLX, The US investors are more ruthless than any govt with high scrutiny and censorship can be!!!! WTF, make one bad decision, that can be fixed and your crucified. So much for anal retentive people:)

updated 17 hours ago Sponsored by:
	DOW	12,454.83	-74.92	-0.60%
	S&P 500	1,317.82	-2.86	-0.22%
	NASD	2,837.53	-1.85	-0.07%

SOHU	$43.84		-0.56	-1.26%
Sohu.com		CAPS Rating:

SINA	$53.31		-0.06	-0.11%
SINA		CAPS Rating:

BIDU	$117.59		-0.67	-0.57%
Baidu		CAPS Rating:

1

SINA's Shares Dropped: What You Need to Know

Watch stocks you care about

Comments from our Foolish Readers

Report this Comment On October 26, 2011, at 7:07 PM, spike1299 wrote:

Add your comment.

Compare Brokers

Report This Comment

Sending report...

Today's Market

Create My Watchlist

You don't seem to be following any stocks yet!

Most Popular Articles

Related Tickers