Jack Ma is probably the most visionary, smart guy at the current business world. He bought a big stake in Weibo (WB) because he sees the huge advertising potential. If WB was good to Jack Ma and Alibaba, then it is good to me. I bought a position in WB near the closing at 19.20; WB will soar with Alibaba in the near term and long term. I have a WB account and like it.
Shorts were betting on TWTR's "bad" news would have taken down WB further, it did NOT happen. Now shorts would have to ask "what would be the catalyst to take WB down?". We had the SINA's so-called Porn news out, we had the TWTR's earnings out already; if it did not take this down which would mean ONE thing---that is the downward path has run its course and now the path of least resistance is UP, with or without the Alibaba IPO catalyst.
twitter reports after the bell tuesday, difficult to generate any momentum( nobody is willing to bet on those guys) so we will be in limbo at best.Forget time based goals, it's about setting limit orders way below your expectations and getting filled on an intra-day V bottom. If twtr disappoints tues wb will pay wed. good luck