Expect A 30%+ Decline In Underperforming eLong When The Buyout Rumors Turn Out To Be False
- eLong gained 60% over the past month solely on takeover rumors.
- Ctrip has been taking market share from eLong, and eLong's recent earnings reports have disappointed.
- Ctrip ruthlessly stole an important partner away from eLong.
- Expedia, eLong's majority shareholder, says the takeover rumors are false and doesn't want to sell its stake.