$VERI is trading at $33 and $MARK still below $4! Does the market not believe their news about the potential for their #Kankan #artificialintelligence platform? $MARK is expecting $5m artificial intelligence revenues in 2017 according to their recent quarter report on Aug 10th. How significant are their artificial intelligence deals with Chinese internet giants $Baba $tcehy (tencent) $bidu $SINA $WB??? If $VERI could trade at above 35 times sales why should $MARK not trade at 10 to 15 times sales (that would give you a price of above $15 for $mark). $AYX is another trading very low compared to $VERI
SINA PT $180
I just bought 100. I hope isn't the end of the trend.
A cup and handle format is taking place in SINA . We may see $125.00/soon
I see the dirty work in MF. They short SINA and spread the poison to WB. But SINA is a real good stock, its book value is $40. Price/book is only 2.5 the cheapest among the china online stock. Plus SINA is the real take over target which I guess BABA will be the one to go against TCEHY.
Sell and buy TTOO. I did at 3.45
I think the time is nearing to unload the sina stock. it is acting like a new issue and going no place.
Surprised there aren't more people in this board. It's been rising steadily over the past couple days
With BABA and Tencent competition heating up even more, should we see even more action with this???
I call SINA "UNICORN" for this year. If you know that the big boy in China social media is TCEHY, dominate the whole China. SINA is the second one but is less than 1/10 size of TCHEY. So BABA needs something to counter TCEHY, by acquire some one that is cheap like SINA to stop TCEHY. SINA is the candidate for take over in the near future.
I have a feeling SINA will see a pullback now. What yall think? if you guys have questions you should ask awe.some_sto-cks. They often respond to my emails which is helpful.
Time to short
Traders are tired.
SINA is going to at least $120. Three reasons:
1.) Huge breakout after cup and handle chart formation
2.) Analyst PT is at the bottom
3.) Valuation is considerably lower vs earnings ratio compared to other Chinese stocks
SINA appears to suggest upside opportunity. Im not sure about you guys but https://hotstocks123.blogspot.com has provided me with some pretty good trade ideas. I messed up executing some of them but thats on me.
Good flush this morning. Those that wanted to sell at 118.00. retrace back to open 116ish, and crept back to 117. Bullish........