Shanda games is the largest online game operator in China. Although recent departure of its CEO has reduced its share price, it has great prospect in gaining long term earning as Chinese online game community has been increasing rapidly. Software piracy has always been an issue in China. Online game and other cloud computing seems to be the only solution right now that can ensure revenue growth for software developers.

EPS is improving. Most likely PNX will turn out great numbers next quarter, which may be why insider buys were a little active in May 2009. Obama may also give another hand to insurance firms as reported by The Hill, which maygive a small jolt to this sector in the near term.

Three analysts consensus price target at $4.30 in one year. Consider adding another 1/2 position if there is further erosion in share price down to 1.50. Sell price target now is 3.25 if it breaks 2.35 resistance.