Buyers got a fire deal today. This is way undervalued. $15 by end of year easily. 4% revenue revision should not drop a stock 35%.. DANG is still growing revs at over 25% and aiming to become profitable in the coming quarters. If 4th quarter guidence is on par this will pop up to $10 in 1 day.
It always bounces back in less than a month. Buy and hold this til $50 in a few years. It will get there. Shorts probably haven't even looked at their website or realize they have 20 fullfillment centers in China. An economy that has over a billion people and growing much faster than the U.S. economy. Plus 205 mil in cash and no debt from what I can tell. Close to a billion in sales. It's a great buy here. Earnings are approaching and a nice cover rally should begin in the next week or two.
I agree. DANG is setting the stage to go much higher. Shorts wont be on this board that long. They disappear pretty quick i have noticed this past year.
In this for the long haul. I could care less how this stock performs over the next few days or weeks. Shorts will be long gone over the next few weeks or months. The average short hold for less then 3 days. They will regret never having bought in the $8 range and holding. How many people wish they bought AMZN in the single digits in 2001? AMZN sits at over $350/share today even after posting a 12 cent loss. The Chinese market will be much larger than the USA market in the next decade. Sit back and watch DANG fly and remember how lucky we were to get in on this buying opportunity.
Barely under 9. See you at $10 before 7. This is a typcial sell off for DANG but it always bounces back! About 14 days til earning. Shorts will all try to cover before then and that alone will drive the price back over $10. The smart shorts are covering here just below 9. In fact I am buying here. Can't seem to get any lower. But always have cash in hand if i get an even bigger gift.
The news that apparently caused the sell was hardly anything. 3.2% less revs, betters earnings and margins. What matters is future guidence. If 4th qtr revs and earning are better, DANG will soar once again. If not if might stay in the 8-10 range for a bit. But within a year DANG will be much much higher than where it is now. And a buyout could happen anytime. In comparing websites VIPS and DANG, they are both very nice and very similar. DANG has a larger variety of products. I think that is wise of them to get rid of some of the lowest profit products and focus more on the highest profit products. Nothing wrong with that. Their new user accounts have been growing every quarter another big stat they should throw out there.
Added more at 9.11. A gift. Somehow this went from $9.45 to 9.05 on under 380,000 shares traded. Could not resist. had another buy in below 9 but never reached. Taking advantage of the volitility. Buy when others are selling cheap. That's the name of the game.
Alibaba will all want a piece of DANG before DANG start turning a profit and their shares soar.
Nonetheless. I bet everyone here wishes they bought Chinese ADR VIPS at $4 and sold at $80. A 20 bagger in a year. That is just crazy! DANG will be fine. It dropped to $8 in early september then shot up to $12 within 2 months for a 50% gain in 2 months.
I take that back. Up $31 to $363. If amzn doesn't buy out DANG they are crazy. They should gooble up everyone while they have a chance.
AMZN posts a 3rd quarty loss of .12 and analysts cheer. The market cap is 170 billion now. REVs up 24% yoy. And some people only think DANG is only worth 800 million in country with over a billion people. DANG will be $50 in a year.
Went from 9.45 to 9.3 back to 9.45 in a minute on pretty low volume. If your holding long term like I am, it's just a game and I really don't care how it moves in the short time. In the long run, this little move is a drop in the bucket. Come back and wake me up in a year $50. In the meantime enjoy the buying opp.
Analysts will upgrade after the 4 qtr guidence and this will be over $14 within a few months.
Good buying opp here. 4th QTR guidence will be the key and should be very good.
This will be over $12 in a few days. I remember how many times AMZN missed revs and guidence and took a hit for a day or two and by next week it was well above the price before they announced. Only a 4 percent revs hit, while profit margin and earnings will be above forecast.
Very slight rev miss. 3 qtr revs are typically weeker. The improved margins and improved earnings are a great sign. This will bounce back fast. AMZN, VIPS have all had similiar misses recently. Next year you won't have the opportunity to add shares back in the 10's. We will be $50 in a year or two.
Patience is the key. This will have a run similiar to VIPS whether it's early next year or later next year. Company keeps beating on revs and earnings. Over 200 mil in cash and no debt. Projected profitabilty in 2014. Looking very good!
Everyone know this could pop back up over $12 in 2 or 3 days regardless of what the rest of the market does. Better to be long than short. Look back how shorts predicted 3-4 when DANG was sitting at 7. This is a $50 stock in a matter of a few years. The growth is enormous. Have patience. Lock in more shares at this level if possible and sit tight! Look at VIPS went from $4 to $70. VIPS not much different than DANG. VIPS just has fashion items from what I can see. DANG has personal care products, fashion, books, you name it. I would park money in DANG verus VIPS at this point.