Sohu.com Inc. (SOHU) - Chinese Portal scores short squeeze breakout. Company benefiting from Chinese

Sohu.com Inc. an Internet portal in China recently broke out on close to 2x its 21 day average volume.  With a fairly large base and almost 23.00 % of its float short SOHU shares look like they can continue to power high as a liquidity squeeze takes place.  Usage is up at its portal and the company is also benefiting from the pending Chinese Olympics.  The point and figure target for SOHU shares is $ 67.00.  Given the large price spike recently we would think some minor consolidation may occur so buying shares on pullbacks on an average cost basis makes the most sense.


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