#1 Feng stock tanked 40% in just three months from 13.3 to 8.95. Beaten down stock investors will sell towards end of year for tax loss.
#2 stock has already tripled in just one year (even considering recent 40% tank). Markets skittish as it continues to make new highs on no real reason other than Yellen dovish stance which was expected.
FENG may go up in late Jan or Feb. No reason to buy now.
Unless you're retired and have to take your yearly withdrawal out of FENG in order to pay the bills (highly unlikely for most seniors, who I imagine would be very diversified) It doesn't really matter if FENG spikes up or down going into year end. What matters is that ifeng is the #13 most popular site in China (according to Alexa). This, of course, doesn't count mobile traffic, which as we all know is surging on ifeng. Net revenues and earnings last quarter were through the roof, up hundreds of % points from the year ago period, when earnings were anemic, to say the least. Ifeng currently makes money on advertisements, paid subscription, value added mobile services, apps, and games, and they've barely begun to monetize their mobile pageviews. STRONG BUY on FENG for anyone willing to hold over the long term.
Hmmm...stock is, apparently, filled with "beaten down investors," yet, it "has already tripled in just one year." Granted, some investors in at $13 might be gripping, but investors in for a while are not. Also, investors that are in here for longer term, know it is fundamentally sound.
You say "no real reason," but...
1. EPS killed last qtr
2. EPS killed the past 3 qtrs
3. Last qtr sales growth killed
4. 3 Yr sales growth killed
5. Funds owning this stock have increased
Yes, a few might sell going into the end of the year, but, barring an overall tanking of the market, we can look for new and higher highers over the next 6 months.