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Sina (SINA +13.4%), which had fallen sharply since March, is surging following its Q1 beat, even...

Sina (SINA +13.4%), which had fallen sharply since March, is surging following its Q1 beat, even though it was accompanied by soft Q2 revenue guidance and a warning it could see additional losses due to its investments in Weibo, which are expected to grow to $160M in 2012 from $110M-$120M last year. An upgrade from Barclays is helping Sina's cause. BofA (Neutral), though worried about margin pressure, is pleased with Sina's efforts to monetize Weibo.
Comments (1)
  • vj1111
    , contributor
    Comment (1) | Send Message
     
    This is the best time to sell SINA calls or short, folks. Read he line "...even though it was accompanied by soft Q2 revenue guidance and a warning it could see additional losses due to its investments in Weibo.." SINA will soon see its 40s, rest assured.
    16 May 2012, 01:45 PM Reply Like
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