will sell off some more...next week is better buy close to 14.20.
foreign cars are taking over low end markets....and they are coming in with electric vehicles.
rest bounced...will YY bounce tomorrow ??
all due to instutitions selling to get $ for BABA. There is no fundamental issue with YY...strong growth company. Good opp with this pullback.
baba will easily see $200 billion valuation tomorrow..so after 5 years baba will be 10 trllion ?
How is BABA the play here....if the opening price is $100, why would anyone want to buy it after its already spiked up 50-70% ??
Another question..if BABA opens at lets say $90, there is no way for retail to get in cheap...$90 is big jump from its IPO offering price already.
But YHOO at 42 now will shoot up to at least 46 IMO...
So wouldn't YAHOO be a better play than BABA for retail now ??
wouldn't that bump up YHOO ? It still has a big stake in BABA after IPO. Thoughts ?
their big movers for BABA. Tomrrow once BABA is out, other funds will jump back into oversold but strong growth ADRs like YY.
Funds already were getting into BIDU, VIPS today. Tomorrow it will be YY. Stock down from 95 in last 6-7 days very oversold.
with low volume its easy to manipulate.
once BABA goes ipo, these will all bounce back. The dilution didn't help KNDI either, but stock has already factored that in last 2 weeks. Just need some good news and we are back on track.
"The next three years will see a boom in electric vehicles, just like what happened to e-commerce 10 years ago and the Internet 20 years ago. But what’s different is that in addition to the commercial drive, the development of new-energy cars relies on more government push."
Guess what..the Govt push is already there.
Who feels KNDI growth is over ?
I was just joking...Sumdimsum ?? C'mon. Some bozo posted a fake downgrade, so I posted a fake upgrade.
it spikes, then sells off, then spikes, then sells off...there is no straight line up. The is not a stock that gradually moves up. It stays flat, and then spikes on news.
if you see the KNDI private board, the EV organizer said back in March she expects the subsidies to be announced in Sept. Last week she again said it will be during or after the Expo. Strong chance it happens.
Have a strong feeling Hangzhou rebates as well as the central funding for EV infra is coming up very soon..in Sept. Lot of rumors, news, people in the know talking about it last month.
its waiting...any day now. There have been quite a few indications in Aug that Sept will have some news coming out.