China Gaming Stocks on Fire
The Chinese gaming sector has been on fire lately, notably NetEase.com (NTES) and Perfect World (PWRD).
Perfect World has been a difficult stock for me. I was long the stock last year around this time when the stock traded around $20. I felt it was undervalued and had a nice slate of games coming out for the balance of 2011. But the company had a series of bad announcements with excessive costs and anemic growth. It then even got swept up in some accusations from a Chinese blogger of fraud....235 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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