Yes, I agree with you.
Yester IPOs like DANG, CCIH, DATE, etc. look darn cheap compared to WUBA
And YY could be valued at more than 100 if WUBA is at 28 (or 2.4B valuation for WUBA) .. WUBA's revenues are a quarter of YY and profits a small fraction of YY!
Comparing WUBA and YY - I believe YY is undervalued or WUBA is simply OVERVALUED IMO
My broker says twitter is going to be significantly oversubscribed ..
Expect the shares to trade over $30 on opening ..
What is the value add to GSVC if twitter is at $30?
May this momentum continue until ER next week!
Good luck to all longs. With a good ER report and momentum in Education Sector (as mentioned by an Analyst recently), this stock could be over 70 next week IMO.
Disclosure: I am long Nov 55 Calls.
I still have good number of calls (more than 20) after selling some to offset the original cost.
Given the stock performance today, I sold more than half my calls now to cover my costs.
Calls are speculative. I think YY will run .. but it is better to ride the CALL OPTIONS for free now. Still I hold a good number of Nov $55 calls whose cost basis is less than zero now!
Forward PEG on this less than 1 .. YoY growth over 60% and the PE on FY 14 estimates is less than 30 .. As long as they beat EPS and guide above estimates for Q4, this could run to PEG of 1 (or almost double from here) ..
In a quarter, you will have 2015 estimates on which this will start trading .. Market is forward looking?
Does anyone know what the street expects 2015 EPS to be ...?
good job robhoo ..
picked up some $55 nov calls early today and they doubled already
i might sell half tomorrow to cover more than my costs and ride the rest for free until earnings
hoping the ER is a blast and this shoots up much over 55
You're definitely speaking from treasured experiences. I would be worried when the PEGs on Chinese ADRs at over 3 and Shanghai index trades at all time highs. You can bet the Euphoria is ON and China has entered into a new BULL PHASE when that happens. It may take a while for that to happen .. but IMO it will happen (just like the real estate in China now)!
That's probably the time I exit my China stock holdings very profitably
Q3 is a slow Q.
If they lose only 5 cents in Q3 ... it is not difficult to see Q4 profits, and 2014 profits!
Profitable growth will put this stock at HIGHER levels IMO
In November, let the management reiterate good news -
a) improved margins
b) path to profits - may be as early as Q4
Stock prices are about future! Suddenly I see an improved outlook for DANG!
this stock is not a MOMO stock .. it corrected way too much to $3s on fears of forever losing money ..
it trades less than 1x revenues .. if there is any hope of profits, the stock could trade over 1.5X forward revenues ... which will put the stock price at $18 ..
the announcement today shows the path to profits is on the way ...