Seen that already too many times before, there is no exception to this rule. Don't be surprised when it drops $1 within ten minutes any time from now. Sell and lock in your profits now or you'd regret it when PROFITS turn LOSS. Been there, Knew it. Cannot go Long on this one with this huge volatility. DANG is highly manipulated stock. Remember these dates? Aug 22 2011, Aug 16 2011, Aug 4 2011. Heed this advise or you will learn a painful lesson.
Congrats to those who sold/short last Friday. You have heard that from me and sold at the top. We're taking a ride down now and nothing will stop this until it gets back to $5.
I also feel sorry for the longs who are holding, this is a extremely volatile stock in nature and it is capable of wiping your portfolio.
Always learn to trade and Never hold your bag for too long. there's a lesson to be learned for you guys again.
From a high of $7.80 to $7.06 in one hour. Do you guys understand mit by now? I am rarely wrong on Dang's movements...
WHY OH WHY??? WHY AM I SO RIGHT ABOUT DANG EACH AND EVERY TIME?
Sentiment: Waiting for another re-entry point for long.
From your "Piece of #%^@#* SH&T" you really seem emotional and hurt. All Chinese stocks have paid for RTO scandals and global economy outlook.
DANG went the IPO route and it's business is as immune to Europe and US economic problems as they come.
Dangdang is the first among top online retailers in China to achieve profitability. Other companies are investing in infrastructure at a faster rate with their own delivery systems for additional cost. Last quarter it invested in its infrastructure like the other huge China players. It is DANGS' choise profits or building. They are not out of line as they showed they could turn a profit.
Same theory here again. Kudos to the manipulators for setting up a NICE trap today. There is no doubt about this tomorrow, DANG WILL FALL! Seen this too many times before.
P.S. If you insist on this play, do not sell when it drops tomorrow. Keep holding it and eventually Dang will come back up in two days.
For traders I don't need to provide any advice as this trap is already clear to you.