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Google Inc "99.9 percent" certain to shut down in China - Financial Times

daytraderockstar post

posted by daytraderockstar

Mar 14, 2010 2:25 pm

The following news that was released on Saturday should cause some good trading action in the chinese internet plays. Just a heads up to some stocks that could be effect both good and bad..and again this all depend how much CNBC beats this dead horse.. heres some stocks to watch..GOOG (down) BIDU (up) SOHU (up) YHOO (down) SINA, NTES, GIGM, NCTY, LONG, CYOU


Google Inc "99.9 percent" certain to shut down in China - Financial Times

- Citing a source familiar to company's thinking, article reports that GOOG has established a plan to withdraw out of China and is 99.9 percent sure to go ahead with it.
- Talks between the Chinese govenment and Google have reached a stalemate as Chinese government stated on Friday it would not compromise on internet censorship even if it meant that GOOG would leave.