With such negative sentiment towards chinese stocks it may present
a great opportunity to pick up clean chinese companies on the cheap, DANG doesnt have any accounting issues it is fairly straightforward, the numbers are and will continue to get better along with what appears to be a bottom in chinese economics you have the opportunity to pick up a decent company relatively cheap. DANG will be a winner in the months to come and this recent consolidation after numbers is a buying opportunity.
DANG is a turd and there is no other way to put it. Even Amazon has more presence in China than DANG has. It took these weasels 10 months to find a CFO. Do you really think that if this company was the Amazon of Chin that it would take almost a year to find a new CFO?
The stock is down far more often than it is up. Every bounce is sold back down. The trend is down
and even the most amateur chart reader can see that.
DANG management has failed to deliver. Not only are they not executing, but China stocks are a favorite of hedge fund shorts.
I admit that I am short and have been for some time, but there are different viewpoints for everything and I respect that yours is different from mine. Just don't buy this stinker on margin.
i compliment your viewpoint and i too have been short from 9 when the CFO took off, i have since covered and began a position at 4.00 i have had a change of thought and come to the conclusion that as long as china gets better and dang numbers get better even if they WILL never be #1 stock should be trading at least at 7.00 if the stock hold 4.15 or so it will have completed its 61.8 retracement of its most recent move and chances are we move higher from here...