As bad as twtr sounds recently, it is now up for than MSFT for the year, up 0.78% vas msft 0.43 %. As good as they make you believe FB is, it is up 5.86 % for the year. Not much of a difference. Mr.s market still knows valuation.
are basically like this.
They help you to list in the US and they get a big fee. Then they pump the stocks a bit higher (to get rid of their allocated stocks they were obligated to get for the IPO job). Then they started to short the hell out of it. Every Chinese stocks are of this pattern. No exception. The most recent is BABA. I think Jack Ma made a huge mistake to come here for the listing.
I totally found this from byddy. it is a stock for Chinese company BYD, listed also in China as 002594. But if you look up the chart you can tell 002594 has been all time high for long time. But byddy is still trading around 12, way below its historical high of 22.
Same here with EJ, it is a company with profit and growth yet it is traded at ridiculously low price compared with US real estate companies that does not have profit let alone dividend.
it is a failure story. But ej is not alone. some already went private some more will follow. I think eventually no body will list here any more.
But this is really a good company you can buy some today and buy heavy on the third day. I believe if this goes lower enough, some Chinese companies that want to have a position in the luxury market will take this one. I have a watch given to me as a reward for musical instrument performance. Every time I wear it people say it is a good watch.
I like this sentence on Page 3:
"China has a pollution problem. It wants to clean that up. Electric cars is one solution. Building the tech that makes those cars affordable to a class of people that is more in the Geely and Buick market space than in the Audi and Tesla market will have ramifications for the auto business not only in China, but throughout Asia."
short position covered, and who needs to buy shares cheaper must have bought. What is next? Going up from here? Yes because it has no where to go. The company is fundamentally strong --- business is expanding, new models coming to market, strong government support, the country is working day and night building charging stations (yesterday I saw a wireless charging station video). These are the facts. Everything else on this board and Seeking alpha are pure #$%$. Many many big up days in the next few years. Just wait and see.
If you bought the stock at close to 13 two days ago, you are just humiliated by now because you are down 20%. It seems the market is smart and you are stupid. Well if in 3 years the stock is trading well above 100 you look back you will realize how stupid the market was in the last couple of days. And you will realize, and have the last laugh.
Yes I agree. This downgrade basically says oh I missed the rally from the bottom when it was 5. So lets bring it down before we buy it.
Maybe if Google does not buy it, MSFT will? Or from somebody nobody would thought: BABA.
pathetic. It is well controlled by shorts who may have lot put positions or wrote large calls. But unfortunately there is no big investor in this like Ican or Buttet or shorts would not be so defiant. Well, at least Buffet invested 002594 (or byddy in the us) is doing well. So it seems you need not only good revenue and earnings and good policy environment but also big investor in you to be able to have your stock perform well. I am amazed by this stock market everyday.
at this depressed price. It just bought plenty of zu. But twtr is only 25 billion. It is quite doable. Even Baidu can do it. Nothing beats twtr if you really want to expand outside China
I have to agree this is the mother of all manipulators. But the sad fact is you can not do anything about it. The only to do is to take a loss and leave if you are short term oriented. Or you just sleep on it for the next 5 years to wait for this China EV story to play out. I will wait for 5 years.
by one metric: Baba's GMV is $96.67 billion (600 billion yuan). That is 4.78 times of Ebay's. So if you multiply Ebay's price share price of $57.49 by 4.78, you get 274.80. In other words, if the market value share price by GMV alone, Baba should be at $274.80 to be equivalent to Ebay's value. And Carl Icahn thinks ebay is undervalued...