Originally Posted by
foxtrot
Weibo Corp (WB) might be one to watch (or buy). It's China's twitter, in essence. I've been playing with it for months now, it peaked at about 140 and bottomed at 53. The 50MA is now gaining in it's 60's, with very strong financials every quarter.
Yes, it's China. Yes, there's probably some manipulation as there is in every stock. But, at this point its lower risk (can only bottom down so much further), very high value, which is unusual in the market. If anyone is wondering why it dropped, it's buyer confidence after trade wars, primarily, which is moronic on it's face because China's twitter isn't exported/imported. *but*, what is the stock market if not general buyer sentiment and a presumption of what buyer sentiment will be driving panic.