The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.BEIJING ( TheStreet) -- Despite the fact that nothing has fundamentally changed in the China internet space over the past two to three weeks, U.S.-listed China Internet stocks have skyrocketed across the board. Some of the larger benchmark names such as SINA, SOHU and BIDU were clearly oversold at the end of 2011 and have rebounded substantially. However, it should be cause for concern when even the weakest names in the space rip higher along with the major players, even as these weak players are showing deteriorating financials.
A Dose of Reality Needed for China Fever
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