Blog > International Investing > Ctrip.com (CTRP:NASDAQ) hits our stop loss: Bank 15% gains!
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Ctrip.com (CTRP:NASDAQ) hits our stop loss: Bank 15% gains!

Posted May 12, 2008

by Laura Cadden

Baltimore — (TFN): Ctrip.com was descending fast today… and hit our stop loss.

A quick recap of this recommendation:

April 4: I told you to buy the Chinese online travel website Ctrip.com (CTRP:NASDAQ) at around $54 and you should see gains of at least 15% by August due to travel for Summer Olympics.

May 1: Ctrip hits 20% gains. I recommend to keep $63 as a stop loss and stay in the game for 30%.

May 8: I reflected on the drop in value to $63.25 but encouraged readers to wait until May 14 when the company will report its first-quarter results. Ctrip’s profits are antcipated to exceed analyst estimates, if only by a small margin.

BUT:

May 13: Ctrip closed out yesterday at $62.74. The bad news: We have now hit our stop loss. The good news: We’ve banked 15% gains on this recommendation!

I continue to believe that second-quarter earnings will provide the necessary catalyst to fuel another surge in the stock price by August. Accordingly, I was tempted to hold on to this stock until that May 14 call. But a stop loss is a stop loss. And investing is about discipline as much as it is about upside potential.

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Posted by Laura Cadden · Filed Under International Investing 

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