Shanda Interactive Entertainment (SNDA) 42.42 -0.45

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Last Trade:41.56Short Ratio:7.10
Last Trade Time:4:00pmDay Range:41.202 - 42.09
Ask:42.42Year Range:33.47 - 65.00
Bid:40.70One Year Target:50.89
Open:41.58Exchange:NasdaqNM
Volume:741010EBITDA:0
Prev. Close:42.01Market Cap:2.788B
50 Day Moving:44.5033Div Yield:
200 day moving:48.929PE:

You Can Still Make Money on the Short Side, but It's Tough

When I added Cemex (CX) and Vulcan Materials (VMC) as shorts Monday, to create some downside hedges - I offered my third choice would have been Shanda Interactive (SNDA) ... indeed if I was not writing down all my material moves on the website, I offered in "the real world" I would have done this transaction.

Bookkeeping: 2 New Shorts

I have a bunch of limit short orders outstanding now, but most stocks targeted will need to jump 4-7% for me to hit.  I found a handful of candidates but most of the names I really would like to short are down quite strongly today - that doesn't mean they cannot continue to tail spin but if this market reverses and heads over S&P 1150, I don't want to take the chance.

SmarTrend research report available on Shanda Interactive Entertainment (NASDAQ:SNDA)

SmarTrend, the proprietary pattern recognition system, has made available a free sample copy of our premium research report on (NASDAQ: SNDA) at http://www.mysmartrend.com/research/

Analyst Downgrades for March 2nd

Analyst Downgrades for 3/2/2010... AOL Inc. (NYSE: AOL) initiated as Hold at Jefferies... AT&T (NYSE: T) downgraded to Neutral from Overweight, $27 target, at HSBC...

SNDA Downgraded On Low Earnings Visibility

Analysts at Roth Capital downgrade Shanda Interactive (NASDAQ: SNDA) from "buy" to "hold." The target price for SNDA has been reduced from $65 to $48. According to Roth Capital, the downgrade in the rating reflects the low earnings visibility into the performance of Shanda Games.

Sell Off In Shanda Interactive (SNDA)

Shares of Shanda Interactive (NASDAQ: SNDA) are falling today after the company reported earnings. Shanda reported income of $54.1 million on revenues of $221.6 million. The shares have lost 8.9% today and are currently trading at $41.27.

Shares of Shanda Interactive Entertainment Under Pressure, Down 9.2% (SNDA)

Shanda Interactive Entertainment (NASDAQ: SNDA) is one of today's worst performing stocks, down 9.2% to $41.12. The S&P is currently trading 0.6% higher to 1,111 and the Dow Jones Industrial Average is trading 0.5% higher to 10,374.

Shanda Interactive Earnings Preview (SNDA)

Shanda Interactive Entertainment (NASDAQ: SNDA) will be reporting their quarterly earnings numbers before the opening bell on Monday. Wall Street analysts expect that the company will post earnings per share of $0.84 versus $0.72 in the year ago period. During today's trading session, SNDA shares gained 0.76% to close at $45.30.

Downtrend Spotted in Shares of Shanda Interactive Entertainment (SNDA)

SmarTrend identified a Downtrend for Shanda Interactive Entertainment (NASDAQ: SNDA) on January 19, 2010 at $51.60. In approximately 1 month, Shanda Interactive Entertainment has returned 14.9% as of today's recent price of $43.90.

China’s Online Game Market Is Attractive (CYOU, ATVI, ERTS)

One of the most important influences on an investment's performance is underlying economic growth. That’s why PIMCO’s Bill Gross suggests investors direct their risk-taking towards fast growing countries that are less levered and less easily prone to bubbling.