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E-Commerce China Dangdang Inc. (DANG) - $DANG
I bought E-Commerce China Dangdang Inc. (DANG) stock today and plan to buy more this week if it falls back to $26 or under. This is a risky china stock but is being dubbed the amazon.com of china. DANG is expected to grow revenues around 50% this year and really start earning some money. E-Commerce China Dangdang Inc. has yet to report their earnings but I'd expect it will be coming soon.
This is a lot more risky then MCP which I bought about a month ago but the company has a very bright future. While Youku.com Inc. (YOKU) is an exciting stock ( the Youtube.com of China), the company is not making money and it is unclear when they actually will.
China DangDang currently ranks 88th on the Top China website list with Youku.com Inc ranking #9.
The current resistance levels I am watching for DANG right now are $27.88 & $28.50. If DANG can get back above $30 again, it could retest the 52 week high.
Tags: 2011, China, DANG, Dangdang, E-Commerce, Inc., china, stock
Views: 1199
Replies to This Discussion
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Permalink Reply by Kevin on -
Wow Down another 8-9%. This stock is taking a beating. I'm not understanding how this stock is down 5-6% more then any other China stock.
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Permalink Reply by pht3k on -
bought at 12$ and sold also at 12$ where my stop was.
i guess it's going back to 10$.
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Permalink Reply by Kevin on
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I am out also. With the way it is trading, it's definitely hitting a new 52 week low.
I was bullish on this stock, but I guess I was wrong!
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Permalink Reply by SunCalvin on
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I was bullish on RENN & DANG but I guess my thesis was incorrect. Please review the movement of REDF if you have a chance.
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Permalink Reply by Kevin on
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Looks like Dang is on the way to a new 52 week low .. My My how the tides have turned against this stock
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Permalink Reply by orlando on -
If it finds support at the previous low I will buy some shares near that price
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Permalink Reply by JSJ on -
A huge rally back for DANG this morning. Stock was way oversold hitting all time lows this week.
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Permalink Reply by Stocks To Buy on -
Yea DANG was trashed this summer....one of the top exec's left the company this morning...and the stock is rebounding. Seems like a bottom to me.
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Permalink Reply by bash yusel on -
Hi Tim, you dont cover DANG anymore.. there is no hope for this company or what???
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Permalink Reply by JSJ on
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Not to speak for Tim, but with all the uncertainties in today's economy, I think these low quality Chinese stocks have taken a back seat. I've sold out during the last rally.
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Permalink Reply by Stocks To Buy on
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I got stopped out of DANG in the $19's, I will never invest in a China company again with all the scams brought to light in 2011. To many good companies in the US and the Chinese economy is not doing good at all.
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