A few Reasons why DANG is About to Rise Significantly
- Valuation of DANG is just oo cheap. VC's fund start ups with no revenue and profit at the level DANGdang is valued at. DANG is priced right not just for funds but also for Vc's who dont usually invest in public co's bc of valuation. the website traffic, reputation, 5+ mil customers a quarter, logistics, warehouses, inventory, processes, etc all make DANG very very valuable.
- Funds and large investors new about the lockup ending on June 6th. So quite naturally they sold off positions before June 6th to get in front of the selling. Now, they are likely sitting back waiting to get back in. Funds that were interested in DANG very likely held off on purchases because of the lockup. There is likely big money waiting in the wings.
- As DANG starts moving up aggressively the people with over 5 million shares short, who were playing the lockup, weak market, etc will be forced to cover fast.....the trade is over, they made their money. this things looks like it bottomed in the $11 range.