NetEase.com Could Provide Good Short Opportunity After Earnings (NTES)

Chinese online gaming company Netease.com NTES will be reporting their quarterly earnings numbers after the closing bell this afternoon. Wall Street analysts are anticipating the company will earn $0.61 per share compared to $0.47 in the year ago period. This stock has been under extreme pressure over the last 3 months, falling 17.72% to $31.01. Furthermore, Chinese equity markets as a whole have been registered substantial declines year to date. Currently, NTES is trading at 6 month lows, and a disappointing earnings report could potentially send the shares into free fall. On the other hand, if NTES reports strong quarterly numbers, the stock could bounce substantially off of current levels, so if you are interested in establishing a position be sure to read through the report and watch the after hours trading activity. Learn how to find the best stocks to trade each day in our 70 page E-Book and 90 minute online video for free.