Tag: NTES
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Why Netease.com Could Rally Back to $102
Netease.com (NTES) is already rebounding, as hoped. As we noted on Dec. 24, “Over the last few days, shares of Netease.com (NTES) gapped from $105 to $87.64. All after Chinese regulators introduced regulations to reduce spending, and cut incentives that promote excessive gaming. It could soon refill its bearish gap.” Today, after China’s National Press and…
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This Chinese Stock Could Rally 80% in 2024
Over the last few days, shares of Netease.com (NTES) gapped from $105 to $87.64. All after Chinese regulators introduced regulations to reduce spending, and cut incentives that promote excessive gaming. According to Benzinga, “The new rules prohibit online games from offering rewards for daily logins, first-time spending, or consecutive purchases – typical features in many…