Could happen with any stock, could drop 50% or more, could go up 50% or more, a bunch of could of's but I get it the article's point with IPO's,,, and I'm not a fan of Crammer. As soon as I see his crap on CNBS, I turn the channel. He's toxic.
I bought BABA at 102 and watched it double bottom at 60 only to go to its current levels. FB did something the same at the beginning...
IQ remains fascinating and earnings reports will tell the tale especially with subscriber growth. If it continues to outpace whisper numbers, the likelihood of such a fall will be related to a bigger issue.
There are two other major players in the IQ arena and they cannot be discounted, TCEHY and BABA although IQ has momentum along with some great shows. Tencent and BABA have tremendous platforms for their services as does IQ with BIDU and JD. let's see who wins the race a few years from now...
Speaking of which, I don't own TCEHY but sure looks interesting here near its pivot point, which way will it go? I might have to pick up a few shares... |
