Yes, a critical distinction. Also, weren't early projections expecting 22 million for the year?
Institutions will move the market tomorrow. Institutions read the report much differently than AH players.
The run up in the Chinese stocks like BABA and CTRP should start. I would not want to be short in China A's.
CTRP should gap up tomorrow. QUNR's cash burn reminds me of BBRY's while it was imploding. QUNR is diluting its shares with ADR offering and needs Silverlake for financing. These acts show why CTRP is the leader in this area.
QUNR suffered huge loss well in excess of analysts worst case scenario. QUNR is diluting its shares by ADR offering. And QUNR has secured unsecured Silverlake financing. Cash burn reminds me of what happened to BBRY.
Still about 14 million shares below average volume. That's a great deal of buying/selling. I wouldn't want to be on the wrong side of this anticipated volume activity.
I'm long and I'm not depressed. China, my friend, is the present and the future. Anyone who says otherwise is arguing like the blacksmith at the turn of the 1900's saying, "Worry, worry about what, cars and tires."
Get a grip, my friend, on reality.
In my decades of following the market, I have seen many times that when a stock pops up after ER it returns to a lesser base line at or above the pre-ER close, and then about a week later, especially after a weekend, the stock pops upwards on its next run up following a positive ER.