Never know Chinese stocks. Only 7% of Chinese own cars not in our country over 80%. still a lot room for expansion. Just move up slower is better. StocksTwit posted about merger ATHM & BITA.
Thank you so much for taking time to write such a long message. I see the potential H&S like you posted. It's way way overbought & way far from all MAs. Unless it 's a cancer cure or something, price can continue to move in a big way. $43 for less than 2 months ago & $53 just first week of this month. I have been swing trading this since $33. Chasing here is dangerous & we need to be disciplined. I know quite a bit about Chinese stocks & fundamentals do not support the price.
You know options very well. Your post helped me to see more facts. Baron or Market watch wrote an article a couple of days ago saying Chinese stocks are being manipulated so we need to understand that. So they push prices up in this case. Scary!
I see ATHM followed BITA too but weaker.
Thank you again & good luck.
By the way YY ready to b/o. They have been trying so hard to keep price under $91. maybe they will manipulate this one next to the upside. I can only use the chart. FA is very good, so cheap, PEG only .35
Leader in what? It is so so expensive, P/S is 33.2. One of the most expensive P/S in the market. They just have a website for people to market and buy cars. !!! All about manipulation. VIPS BIDU are leaders in their space. YY is so cheap and great great growth. PEG is only .35
I happy for you that you have a good friend Cle.
BITA just a website, not like TSLA, BABA can compete easily.
BITA does not have the fundamental to support the crazy move. This is unusual to me. When there is no fundamental to support the high flying stocks then they can drop quickly too.
You see a H&S pattern but also options with higher prices. Interesting.
How about ATHM? What's your opinion.
Yes. YY is so undervalued. PEG only .35, the cheapest tech growth stock out there. Even a bad tech had PEG 1.2 or so. Fair value 3 times more.
No reasons for the huge drop from almost $91 2 days ago except manipulation. Add on dips and be patient. Impressive growth and low PEG
They gave VIPS $300 target, up from $200. 100% upside.
BITAR is way way overbought now. Look at that scary RSI
Above $98 now. That was a good Chart prediction. Need good good news or strong market to break $100 level than momentum will lead to old high $110.
PE is current PE. PEG is forwarded PE taking growth inti the calculation. So before you post comments like this ask me first to learn,
Hi Mytek, Justanotherxx...who would be that generous with the red thumbs like you. I do not post here that often. If you dive me a dozen of green thumbs then I will be here daily..
Very good post. ATHM will go back to $51 and above. More people knows about ATHM now and how cheap it is..Forward PE only 4.75
Yes, a lot of potential in the used car market. Give it time and it will get to $78 and higher after next earning.
Way oversold &undervalued. Good management. QIHU down because of the Notes. VIPS did the same when it was at $143. Look at it now.
Justin Miles has $127 target. He is extremely good in picking and reseaching Chinese stocks. Also has $245 target for $VIPS