Long Position on SFUN @ $51.00 on 10/2/2013 (Momentum)

This stock was first featured in August.

SouFun Holdings Limited (SFUN) operates a real estate Internet portal, and a home furnishing and improvement Website in the People’s Republic of China.

The company offers marketing services on its Websites to real estate developers in the marketing phase of new property developments, as well as to real estate agencies; and suppliers of home furnishing and improvement, and other home-related products and services.

It also provides basic listing services that enable customers to post information of their products and services on Websites, and special listing services, which offer customized marketing programs involving online listings and offline themed events to real estate agents, brokers, developers, and property owners and managers; and suppliers of home furnishing and improvement and other home-related products and services.

In addition, the company, through its jiatx.com Website, provides an online transaction platform and related e-commerce services to home furnishing and improvement vendors. Further, it offers subscription-based access to the information database and research reports, and total Web solution services.

Shares have formed a bullish "flag.". Higher prices are expected for this stock.

52-Week Trading Range; $17.05 - $53.77

Entry Point: $51.00

Stop Loss:  48.45

Target Price:  $56.10

Updates

10/3/2013 1:10:33 PM

SFUN dropped below our stop loss. Position closed at $48.44.

Position closed on 10/3/2013 at price of $48.44 with a -5.02% loss in 1 days.

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