The 200 day simple moving average represents the final confirmation of this uptrend IMHO.
We have a ways to go, but it looks good so far. The key is that nothing goes up without pullbacks, so do not let some short term winds deter you. The stock is on the mend because people believe in the new management.
Look at after hours and see a two cent dividend! I am sorry about feeling like this, BUT I want retribution!
I really want their money NOW, as well their heads on a platter!
Excellent article. I have lived through many of these short attacks.
Because you are free in the US, you can spout your unique and unsupported assertions.
Clearly the consensus is AGAINST you as I am, the fair value of Sina is 90 without Weibo, IMHO.
Time will tell who is right, for now let's both do everyone a favor and stop posting.
No one is printing any stock!
The brokerage houses are lending shares from people with margin accounts for a fee.
Good! Remember that I have stated that $90 is fair value. I must add that the valuation is WITHOUT Weibo IPO. IMHO
I checked again and it said LOWERED to $87 as did three other brokerage houses. Actually Morgan Stanley reiterated but lowered $82 -- $81
Actually the 2014 forward P/E is 20.8 @ $70 using the average of 15 analysts.
Do not listen to the noise, regardless of how pailful it might be.
Not what I saw, lowered to $87. This means that my premise is correct of $90 being the fair value!
Disclosure: I own SINA shares now, but have shorted it in the past.
The 3rd quarter and the posted numbers gave all cause for glee and projections showed it, thus Sina proceeded to 90. When reports came out about the "slow downs" in China and emerging markets, the price of Sina corrected as it should have. The key is that all the expectations by analysts were met that were made, Sina continued its expansion and says it will continue next quarter. It plans to boost usage which has increased unlike other accounts by going to other services and content. Margins will not expand further because these services and content cost money but ultimately it means GROWTH of the TOP LINE!
Sina will be well priced at 90 as it was in the fall with a slow 10% upward bias. The key is that:
1. makes money and is continuing to do so at a 5-10% growth
2. it will expand its user base by additional services
3. its advertising appears to be successful and is being integrated as a package with Alibaba
4. it is the largest weibo in China.
Think for yourselves!!!