Not sure how much to take stock on his target since this was $21 yesterday, 50% above the old $14 target. This probably shouldn't have been $30+ at the IPO day but at the same time there seems to be too much overreaction as well. Typical WS shenanigans to take $ away from the unscrupulous. Even FB can fall from IPO down to $18, any other companies can also. They rode NFLX up $300 only to crush it down to $50's and now it's back up above $600. So the key is not to practice buy high sell low on stocks.
WS just bewilders me at times. Sends AMZN over 15% on another earnings loss while clobbering a stock $8 for few cents of dividends lol. It is actually the right move in this environment, some oil stocks actually went up after eliminating dividends all together.
Looks like this keeps reaching new low's. Now $40-$42 possible and possibly lower...
Who knows how much more after earnings?
If you go strictly by the chart then yes I agree this would be a good level to get in as this has been bouncing up and down quite a bit all year. But with so many stocks up I'm not sure if I want to get my money stuck on this one as this may take some time to get back having lost so much...
Let's see if $45 can be met again and seem like a good level to take a crack at but who knows if it will hold? Friday after hours this went back above $55 and thought this wouldn't go this low today but...
I doubt people are too worked up about the number as SOHU, JMEI, WB are continue to go higher. Sina just seems stuck with the censorship news so time to find another trade.
People react to news without really using their head. The mighty Chinese could'e shut down Sina but is willing to work with them. This is really a non-event and Sina should trade based on its earnings prospect going forward. I think it's going to trade higher along with China index in the next couple weeks.
I no longer hold stocks for long term buy just trade as this market only trade on momentum instead of fundamentals. Companies of insane valuation goes higher like AMZN and LNKD and take a look at NFLX while beaten down stocks continue to take a beating with no end in sight.
Assuming they still own over 50% of Weibo this is essentially trading below their cash position + Weibo?
Selling at this level may be worse than selling SNDK below $65 as I noted there last week.
I'd trade at this level under the bid all day if I can.
You don't think they're not accepting an offer for a lower one do you?
The only reason they won't take the offer is to go for a higher one or thinking the offer is way undervalued.
Now it's becoming more clear about the legal issues and this one is all over the map it makes trading this fairly easy. I'd buy all day anytime this dips below $34 today.
If EPA is right in there's no national standard then the accusations make no sense. Unfortunately damage has been done so tomorrow's sales number could actually be larger than ll being cleared at this point.
Where's the link for this? If this was true it's hard to imagine it would trade back down below $32. I see $35-$38 in the next few days if this is proven.
Forget about what it's been doing, you buy not sell on a company like this having lost 40%. WFM was one of the worst performing S&P stocks last year and that was a buy of a life time opportunity but people who practice buy high sell low sold...
If you haven't gotten out above $80 why would you even sell at this level? This company is still going to be making close to billion a year for years to come. Never good to buy high sell low on a top notch company.
This other rumor probably has more substance. Any minute now either company is coming up to deny the reported deal and stock will tank 20%+.