Holiday over... read the chart. SINA will run up to 50's by mid jan 2015...
Cover your short and go long..imho
Sentiment: Strong Buy
Hemorroids and a dead stock. That combination will surely give you a sore azzhole. LOL It's no wonder he can't sit down.
Where's Bullshitrunning2day? When he looked at his charts he was CONFUSED. He thought it was a stock chart but it was a medical chart from his doctors office. What the chart said was Bullshitrunning2day has hemorrhoids. Yep, he has hemorrhoids and a DEAD stock. BWAAAAHHHHH ROFL
It would have to be BABA. Two weeks ago I was long SINA and sold half of it and rolled it into WB. Not a good move. Fortunately i added WB at $14.11 and then dumped the add at $15.50 on friday. My original thinking was that BABA would start adding WB since it had fallen well below the offering price. Given where SINA is trading, probably makes more sense to just buy SINA. More than likely its just technical trading since volume in both has been very light. SINA bouncing off lows and WB trending down based off end of year tax loss selling.
Apparently there have been some merger rumors over the last few weeks which explain SINA's relative strength to WB. Does anyone know who the rumored buyer is? BABA
SINA will slowly climb into 2015. Any news from SINA that is remotely good will send SINA into the 70's or 80's.
Enjoy your holidays.
Like I said before. Just look at the chart for 5 years and watch SINA in DEC and JAN.
PS. I bought a lot more in the 36 and 37 range.
Sentiment: Strong Buy
re Sina - "The firm it is a household fixture in its native China and in Chinese communities spanning the globe."
by Streetwise report of dec 18th.
I have looked at the chart. Overall you could be correct. I don't think there is any guarantee SINA will go up because of a chart.
I think other factors will come into play here. SINA will move into gambling and get the video license back from the government. The new portal might take a few quarters but when they are completed SINA will control a lot of the market. I could see SINA going up to $125 in 2015.
My personal, private research puts SINA price in the period Feb 20 to 27, 2015 between $52 and $60, Also one more thing, after this date you will not see 'rude_wally" on this MB. Merry XMAS to all.