That is pretty comical considering we were long into the February earnings release and bought more in the 10's and rode it long to the mid 17's and then got short in the 18's and covered at and under 10. Following that we were long as low as the 8.90's and traded DANG for over 9 points on the run from 9 to the 16's where we sold out and went short again on those Horrific earnings and dismal conference call. No growth, Loss of Active Customers Q over Q for two quarters now. To make matters worse, fulfillment cost are now up. Yep all of us shorts will bring DANG right back down to the 10's again just like we did before.
That is very good news for those of us that got short into earnings in the 16's. Those shorts that covered are now piling back in. That also means there is less short covering pressure. Weak handed shorts are out, now this can fall back to where it belongs in the single digits.
If Ever Again For that Matter
No the only people dumb are the Longs that didn't sell in the 19's watched it drop to the 8's and then didn't sell again in the 16's. Seeing a pattern of lower lows and lower highs.
You really think a third rate garbage stock like DANG is going to survive?
Looks to me like she has been killing it. I am with her, burn this pos to the ground. Money Losing Customer losing Zero Growth Stock in the best market in China. E-Commerce.
You are clueless. Todays selling in DANG is all Alibaba News and the September 16 IPO date. Ukraine abd Russia have no bearing on this piece of garbage
That is Good News for those of us short in the 16's and bad news for the long suckers that didn't sell. Less shorts means less short covering. DANG is heading back down to the 10's
Selling is just getting started
All these weak China Plays will be sold to raise cash to buy some BABA.
Sit back and enjoy the bleeding......
Are you serious? Growth is 30% at best when all of it's peers are growing faster than 100% and DANG has now lost active customers Q over Q for 2 quarters in a row now. If you are still long, take what you can get and move on. Anything over $14 is a gift.
Told you to Sell and then to Sell Again.
Just more proof they are clueless. They are listed in the US not in China. They release very little press in English and to the US Markets. They can release all the News they want in China, but it isn't getting to the American Investor.
Does MEET exist for the purpose of stock price appreciation and for building shareholder wealth, or does it exixt to generate a paycheck for those that work for MEET? Does the company continue to do things to build shareholder value or do they do things to raise cash and just give enough news flow to get the secondary buyers out at a small profit so that they can turn to them again the next time they need to raise cash?
Lower highs and lower lows the past 5 trading days. The 50 and then the 200 moving averages are in play. Short at will.
The stock is now trading at 715.75 split adjusted. My Apple is up over 10 Billion in market cap today alone. That is almost 10X the total value of your DANG.