Red flags...No marketing compared to peers ..similar to past China scam-cos?
Virtual gifts? Biz model built on virtual gifts to online strippers?...Really? 30 million in VIRTUAL gifts by one "person"?
This won't be around long. See the seeking alpha article for yourself.:
How's that long workin' for ya?
Ignore smoke of frauds at your own peril. Nothing tanks stocks faster except instant dilutions....(do not be surprised when that appears right around the corner)....because....
There will be more writers and people like Herb Greenberg on CNBC talking about this soon.
I own 50 stocks better than this...can't you even find one better stock?.... to replace YY?
My advice?....Do not get married to a stock
Those SA guys talk whatever they Wang. From the same firm and they have opposite views for their own benefits.
China is growing, see bloomberg last night? Buy QIHU YY SINA SOHU, etc.. And they will go up a lot higher
There are so many rookies in this forum, I can tell... The reality is, it probably is a decent company and I'm sure it's a great value at some price much lower... With Chinese stocks and the companys' lack of transparency IN GENERAL, mucho history of iffy accounting combined with different business ethics... you never know and that's why most China Stocks trade at low multiples... What I can tell you is they build these stocks for boom and bust cycles... The technical makeup of this particular equity is one that bias' the stock upward by creating a low float (the supply of shares management owns and insiders... minus... Total Shares outstanding).... They bring it public at a low price, in this case 10, and nobody sells... until... they sell :) and the bubble bursts.... In 4 years... the chances of this being a single digit stock is high, but not before greedy little pigs roll around in the mud first.