Bought SNDA Today

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December 5, 2005

Shanda chinese gaming

I bought some leaps in SNDA (Shanda Interactive Entertainment) today. I came across this Chinese online gaming company today through my various filters and screens. I then checked out some fundamentals and it looks good—really good. We have the number 1 player in multiplayer online role playing games or MMORPGs in China. Apparently the games are so addictive that China has instituted a governor screw on usage. IMO thats a good thing. More people will start playing.

Yes they went free, but will be charging money for value added features. This is the future of business anyways. I come from a linux background so this is the way it is for me and I understand this model well. Take a look at RHAT.

They are the leader and the followers will have to follow or they will lose out anyways! SNDA will likely crush competition with this maneuver.

This looks like a double to me and therefore I think the leaps or outright owning the stock look to be a good move here.