The Queen bailed out of STV. Geez! Shoulda stuck it out.

Last edited on: 10-23-2007 08:30 am

I just took a look at STV. WOW, what a drop.

I smell Chinese.
With an economy growing at a rate of 11.5 percent a year, China has proved to be a hotbed
of initial public offering activity, with investors clamoring for shares of just about any
Chinese company that goes public on U.S. exchanges.

So far this year, 18 Chinese companies have gone public in the United States, according to
Thomson Financial. Of those, only four are currently trading below their offering price.



This guy on fools owns alot 'ole Chinese.

http://msncaps.fool.com/viewplayer.aspx?community=msn&t=01007970041337444491

S.Sarah:

Logout bug: I think it happens when you open more than one stockpickr window.

Try just using one window when using stockpickr.

I haven't been following this thread from beginning to end, but I decided to just stay
away from STV.

Instead, I've invested in the better valued, underhyped company in the same sector:

NNDS (NDS group):

Forward PE is 18.57, 5 yr estimated growth is 23.75%, for a good PEG of 0.78 (under 1 is
dirt cheap).

It is near the 52 week high, and could break out from two year trading range:

http://stockcharts.com/charts/gallery.html?nnds

I think the time is about right for the Analog to Digital TV trend. On Feb 2009, no more
analog rabbit ears in the US. Broadcasts will be done digitally. People who used rabbit
ears have to switch to Cable or Dish, or get a set top box (benefits set top box makers).

Don't forget about games and other applications on a set-top box, and DVR technology.

Consider NNDS.

Sarah I usually don't question your trades because you seem to know what you're doing but
would you have been better off just staying away from the stock and cutting your losses?
It seems like this stock just got killed so bad do you think it still has more room to go
down? Just food for thought, I'm still long but just wondering why you'd want to continue
messing around with it? Is this simply just a short term trade?

Yeah I had some STV. . . Cashed out of it today and exchanged 400 shares for ten Nov 50
puts. I'm about 300 down on the position now, and that's a whole lot better than where I
was. I'm just looking to get out of this one with my skin.

You're right about momentum stocks being down, also it's a speculative stock, so I guess
when the market sentiment turns bearish those are the stocks that get hit hardest.

Ive just noticed the stock has been tanking ever since the Nasdaq sold off that one day a
couple weeks ago...I just think that a lot of the momentum stocks, like STV, are getting
hammered because everyone is so bearish on the overall market. You are 100% correct in
saying they have nothing to do with a Chinese company but it seems as if emotions are
letting it get that way. Personally I didn't sell but a whole lot of people did, Why else
would the stock be down 25% on NO news? I could understand 5-10% on just pure profit
taking....not 25-30%.

CAT did the same thing last year and the stock tanked 19 points. I picked some up at $59.
I don't think it had that big of an impact on the rest of the market, let alone a Chinese
company that has nothing to do with the rest of the world.