shorts know NQ will be well above 6 by late this month. they are working very hard to dump shares to try to create panic among the retail longs so they can cover their positions.
one correction, Vincent's first 440million yuan payment is due late this month instead of late June.
even worse, FB is taking bigger and bigger piece in this space. Google's growth is slowing down and downtrend started for the next few quarters..
Sentiment: Strong Sell
tidal already changed direction, but you still live in the past... in the stock market, you should have already known that trend is the king... my average cost for nq is 4.0 so I can sleep tight.. But for you, if you don't cover your short position quickly, you could lost all you profit made from last 2 years...
never trying to hurt anybody, nq is a just so undervalued stock..
once SPA for FL has been announced, NQ will be 6.5+ and NQ will start share buyback immediately with the 135MM fund from Dr. Shi. With the share buyback in progress, NQ will go steadily back to 8+.
With continued phenomenal growth of showself, Q2 earning report, which will be announced sometime in late May, shorts will find it's getting harder and harder to cover their 7MM short position.
My advise to shorts: act quickly while share price still under 5. this won't last longer than early May. mark my words.
I guess the shorts feel pressure to cover their short positions. NQ will be north of 6 in no time (my guess is within 6 weeks) !! shorts have been well informed but they are too slow to respond..