SINA Stock – Quick Win: 37.69% Gain In 7 Days

SINA Stock

SINA Stock: SINA Corp (SINA) was a top stock pick based on our predictive algorithm recommended to I Know First subscribers on May 31st for the 7 day time horizon. SINA had the 5th highest signal out of 100 securities put through the algorithm at 15.89 and a predictability of 0.49. In accordance with the algorithm, the company reported short-term capital gains of 37.69%. In the same issue sent out to subscribers on the morning of May 29th, SINA’s signal ranked 2nd out of 100 securities on the 3 day forecast at 15.54.

SINA was part of the stock forecast that is found in the “Best Tech Stocks” Package.

The full Top 10 Tech Stocks forecast includes a daily prediction for a total of 20 stocks with bullish and bearish signals:

  • Top ten stocks picks to long
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Sina Stock

SINA Stock

The Sina Corp is a Chinese media company servicing not only China but the Chinese diaspora. Through Sina’s four business outlets of Sina Weibo, Sina Mobile, Sina Online, and, users of all ages and income levels use can use Sina’s social media, international news, and  online brand advertising services.

Shareholders rejoiced with glee as CEO Charles Chao closed a deal with his own company to purchase 11 million shares at an average closing trading price of the company’s shares for 30 trading days before the deal was signed. The most telling component of the deal is that Chao locked these shares in for 6 months, bolstering confidence in the stock and moving up the price.

The good news kept rolling in for SINA and other Chinese corporations across the board as the Shanghai Composite Index reached its post financial crises high of 5000 points. The Chinese economic recovery twinned with great quarterly results reported by SINA continue to drive the price upwards.

Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used for intra-day trading the predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.

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