Some guys juz bought a wholelot of shares after hours around 6:pm the Dang it went almost to $13. Should be moving tomorrow. So get in and grap a hot seat on this babe now anyone looking for some profit.
Great article out today outlining $29 target and overweight rating:
Piper Jaffray reiterated its Overweight rating on Dangdang (NYSE: DANG). At the same time, the rating agency left its price target on the company's stock unchanged at $29. In a research report published today, Piper Jaffray states, "We maintain our Overweight rating and price target of $29 on DANG shares. Shares are down 38% in June, driven by increased investor concern regarding competition and selling pressure surrounding the lockup... We believe investors will return to the name as a play on eCommerce in China, which remains a top global growth opportunity over the next decade. Despite perceived pricing pressure from Joyo and 360buy, we believe Dangdang remains the dominant bookseller."