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Booking 335% Gains on Your Options as “China’s Twitter” Soars — Bank of Ireland up 65% in a Week

Sina.com jumped another 5.46% yesterday as China enjoys its own version of a second Internet bubble. This put your remaining options in Sina.com 335% in the money. With the stock having gone parabolic, let’s strike while the iron is hot and sell the last of your options to lock in these gains. But hold on to the stock for now, as we’ll be looking to add new option positions in Sina.com when the stock pulls back.

After all, Sina.com still is trading at an “insanely rational” valuation of 10.8 times earnings, despite doubling since Feb. 1. That compares with rival Baidu’s P/E of 89.9. But it’s actually Sina that’s the biggest player in the online display ad market, and it also has Sina Weibo, the Chinese version of Twitter, which, like YouTube, is blocked in China.

Expect to hear more about Sina.com from other financial advisors who are joining the party late.

Meanwhile, your position in Bank of Ireland (IRE) is now up 65% since last Monday. You may see a pullback in the stock today as rating agency Fitch downgraded Ireland for the second time in two months, citing the higher cost of propping up the banks and the country’s weakening economy.

I see something different. The number of job seekers in Ireland is falling. Prices, rents and unit labor costs also have fallen. Industrial output is rising and exports are up. Having attracted more U.S. investment than the BRICs (Brazil, Russia, India and China) combined, Ireland isn’t going anywhere.

This is a fun, fun stock if you like real, live drama. Enjoy the ride.

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Nicholas Vardy

Nicholas Vardy has a unique background that has proven his knack for making money in different markets around the world. He was the Editor of The Global Guru, a free weekly e-newsletter, and also edited the trading services Momentum Trader Alert, which focused on making short-term profits in the hottest markets in the world, and The Alpha Algorithm, which was designed specifically to deliver big, fast triple-digit winners, month after month. He was also the editor of Smart Money Masters, a monthly service focused on longer term investments recommended by the brightest minds in the business. Mr. Vardy has been a regular commentator on CNN International and the Fox Business Network. He has also published articles in The New Republic, The World and I, and The Baker & McKenzie Legal Review. The Global Guru/Nicholas Vardy has been cited in The Wall Street Journal, Newsweek, Fox Business News, CBS MarketWatch, Yahoo! Finance, and MSN Money Central. Mr. Vardy graduated from Stanford with a B.A. — with honors and distinction — in both Economics and History, and he also earned an M.A in Modern European Intellectual History. After winning a Fulbright Scholarship, he earned a J.D. degree at Harvard Law School where he was an editor of the Harvard International Law Journal. When not uncovering investment opportunities for his subscribers and investors, Mr. Vardy is a keep-fit enthusiast and an avid student of classical music.