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E-Commerce China Dangdang Inc. Message Board

  • gold_silver_bulls gold_silver_bulls Apr 5, 2013 3:32 PM Flag

    new2renn was big pumper of DANG at $10


    Read his past post. This fool is a riot! He should do stand of comedy.
    He loses all his money on RENN & DANG. Now he hangs out and bashes the boards
    What a loser!

    This topic is deleted.
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    • Newrenn and other bashers DO appear to have been longs at higher levels. Can't blame them i guess for being at least somewhat ticked off given how much the stock fell since then. The thing is this however. I ALSO first bought at over 8.00 per share. MikieAvnr brought this to the avnr boards attention..i researched it..LIKED what i saw..made the decision MYSELF to buy. And looking back on that now while obviously i wish i had waited I STILL view those purchases as having been WELL WORTH the price of this company. At least how i would tend to value it and the opportunity i see here. What saved me from paying too much is what has saved me MANY times in my investing career which is when i bought in I REALIZED that it COULD fall because no one can time the market. And certainly not an investor looking at something as a multi year hold like i am with this. And so..I allowed for some more purchases and some averaging and I've bought right down into the depths of where we are today and have an average in the 5's. And i'm happy. I'm happy with that price and I CONTINUE to be happy with the company and it's prospects. Nothing is really different here EXCEPT THE STOCK PRICE. And so to me..that makes buying here a very compelling value. One should note that when employing this strategy of averaging one should NOT overbuy a position and remaining diversified is always critical. Which i am. And so now..I wait. Rome wasn't built in a day and neither are great stocks. I personally think that anyone who bought at anywhere under 10.00 is going to be happy in time. It's just a matter of exactly that.....time. Dang is NOT a fraud. Not a scam. the CEO didn't run off with the money. they are the largest bookseller in china and rapidly building their baby and apparel lines as well. China is starting to BOOM as far as ecommerce and i think Dang is a great place to be in to realize that in time. What newrenn REALLY should have had is CONVICTION and patience instead.


      Sentiment: Strong Buy

    • I've got it now. You're actually Infn444. What happened, did you lose your old ID?

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