The China Digital TV choo-choo train keeps chuggin' along. The gang at Fast Money had their say today.
Tuesday, Oct. 9, 2007
Pops & Drops
Dylan Ratigan: "China Digital TV, STV, popping again. 75% on its IPO, 41% the next day. It's off a lot."
Tim (the Ambassador): "Yeah, they're buying Google. Just kidding. I mean, how else can you explain this? The market cap's gone from $700 million to, to almost $3 billion. The key here again, folks, is that these guys are the key digital card player in the market in China. That's gonna be mandatory by 2010. They're the main play here."