Sell Alert
Sohu.com (SOHU)
from Cabot China & Emerging Markets Report, recommended at $64 in the May 29, 2013 Daily Alert and Investment Digest issue 744.
Sohu.com took a huge hit on October 28 after reporting mixed Q3 results and lowering its guidance for Q4 results. The stock made a little comeback today. But that 16% drop on Monday hasn’t led to the kind of buying on volume that would make it worthwhile to hang on to SOHU. We’ll take this little bounce as an opportunity to take our small profit and move on. SELL.
Paul Goodwin, Cabot China & Emerging Markets Report, www.cabot.net, 978-745-5532, October 31, 2013