IBD entrants, removals and movers updated

Miscellaneous | Paladin Money | August 13, 2011 8:18 pm

Our page containing this weeks entrants, removals and ranking changes is up to date here: IBD UPDATES

Our IBD monthly portfolio closed at its low for the year (other than when we made our initial purchases) at $50,127 on Monday night. By Friday’s close it had clawed back a respectable gain to close at $54,813. We will have some comments on how we incorporate this portfolio’s moves into our prognostications of market moves tomorrow.

It was not lost on me that BIDU is in the IBD Top 10, NTES is the biggest upward mover in the IBD50 and SOHU rejoined the IBD50 this week. My Big-5 Chinese Internet group (BIDU, CYOU, NTES, SOHU, SINA) gained roughly 16 1/2% from Monday morning to Friday night with individual gains ranging from 10% to 21%. Nice move. Let us hope they can keep it up, NTES looks to have recovered best from a quick look at the graphs.