BUY IT AT THIS BOTTOM PRICE NOW AND YOU WON'T EVER REGRET IT. I HAVE BEEN WATCHING DANGDANG'S DAILY MOVEMENTS AND ALL NEWS SINCE LAST YEAR AND HAVE BEEN PROFITABLE TRADING BOTH TOP AND BOTTOM. DOWNGRADES AND ALL BAD PRESSES WONT TAKE IT ANY LOWER JUST LIKE WHAT I SAID LAST YEAR WHEN IT WAS TRADING AT $4.
The longer Dangdang consolidates and accumulates at this $7 level, the higher this rocket will shoot up and with a speed that will terrify all investors(longs and shorts). One spark of good news will certainly take this back to $10 and above before you blink your eyes.
This is a basement here, BUY THE LEAPS if you are a long term investor and wanted a better ROI. It will handsomely reward you for your prudent decision and patience.
Not pumping anything at all. I have been playing both sides long and short and I wouldn't go short on Dangdang right now on the forefront of all events coming. (FaceBook IPO, Earning Release, etc..) It made no sense to me for shorting Dangdang because we aren't in the same game like last year and Dangdang has obviously improved on expansion with all the latest announcements.
I can attribute the recent drop to major institutions pulling down the price in order to get in for a big pop prior to news that's forthcoming.
You should expect the unexpected, I think this week's earning release will likely be a beat so crooks like Credit Suisse is only trying to bring it as low as they can to get in cheap before the massive run. If that's the case here, Dangdang will have its first ever POSITIVE earnings since IPO.
I am already onboard the long side and bought my calls. I reiterate a buy here and upgrade this stock to a strong buy at this level.