Sina Weibo (NASD:
WB) is a Chinese
microblogging website and one of the most popular (>400+ millions users) social media platforms in China with impressive growth and revenues.
The stock is down more than 50% from recent high due US-China trade war and slowing local markets. I'm thinking this is temporary and therefore a good buying /trading opportunity.
This will probably be a short term trade if it bounces back hard (2x bagger within 3-6 months) ๐
Disclaimer: All information is provided as-is and is for informational purposes only.The stocks mentioned in this blog are not considered to be past, present or future recommendations to buy or sell them. Ideas presented are just my personal opinions and are NOT be considered as investment recommendations or advice. All investors should consult a qualified professional before trading any stock.
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