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Phoenix New Media Limited Message Board

  • johnbaf johnbaf Sep 9, 2013 4:01 PM Flag

    I Was Right!

    Check my June 10th post when FENG was $5.32 - $5.70 I said it would $20 in 6 months. I may have been conservative. So far it's been a 2 bagger for me but expect it to a 4 - 5 bagger. My other pick is CGA for some real upside.

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    • Why do you like CGA ?

    • Definitely a great company!

    • Johnbaf- I'm looking to dump some more $ into this stock. Do you think this is a good entry point? When do you see this hitting your magic # of $20?
      DBC

      • 1 Reply to dbcconsulting1
      • db....it's more important that you do your own DD. However, I will share with you why I took a huge position in this stock in early June. Company is profitable, management (those in the highest positions) is American educated in Ivy League schools and top business masters program schools, and the man behind the company is a billionaire. These people know what they're doing. Lastly, FENG is in the top 5 of viewed sites in China. Their main competition have valuations at 3 to 6x FENG's valuation so growth potential is enormous.
        Having said that, the stock price has run up very fast so I would expect some pull back down to $10.50 which is a normal course. I feel strongly that after the next quarters numbers are stated, we will see a share price between $16 to $18 and then $20 by late January. And I feel I'm being very conservative in my valuations.
        However, having said all that please don't invest $1 until you've done your research and due diligence.
        I strongly feel we have a real winner here. Good luck to all us longs!

 
FENG
4.03+0.02(+0.50%)May 2 4:01 PMEDT