This article claims these stocks are truly oversold and are ripe for a rally? Any thoughts? I will wait until around 1 pm to watch the market before making a decision. Am going to go in with only a few hundred jut to get my feet wet. $250 on BIDU and $150 on SINA. What do you think?
The manipulators and short sellers (Blue Horseshoe) managed to plant an article or two with the front runners at Wall Street Journal etc. saying that there is allegedly accounting issues. I am getting hammered in SINA, which was just 116 a week or so ago... luckily I have long puts. It's a joke right now how much these stocks move.
Roth just recommend to buy SINA. http://business.itbusinessnet.com/article/Roth-Steps-Out-on-a-Limb-and-Says-Buy-Sina-1702574 I think a 37% and 25% drop in one month is a pretty good bet. The market may not have hit its bottom yet though. October is always bad right? I'm wondering if I should go in for 5 shares of each, not too much.