China Dangdang Inc. (DANG) Stock Up 90% in 2012

E-Commerce China Dangdang Inc. (DANG) jumped 18% on Friday upping the gain in 2012 to 90%. So what's fueling the rally? DANG stock started to rocket higher on Friday after RenRen (RENN) popped on the Facebook IPO news. We also saw a huge drop in stock price in 2011 due to so many China stock scams. This could be purely short covering or much more.
 

Earnings due out in March 2012:
 

China Dangdang Inc. (DANG) is due to report earnings on March 5, 2012. The company is expected to lose $0.16 per share on 184.1 Million in revenue. For full year 2012, the company is expected to lose $0.53 on 881 million in revenue. These are horrible earnings numbers compared to 2011. However, if DANG surprises to the upside, we could see a rally back up to $12-$14. Most likely, DANG will fail around $10 and retrace back to $5-$7.