Sina surged 12% the previous day,pushed by gossip that facebook will fill a ipo next Wednesday.
But what is the link of facebook and sina on business?I can't count any.and just on valuation contrast,that is the reason of short squeeze.
Calm down,the fourth quarter earning is coming,with investment in weibo and underdevelopment of weibo's monetization,we can image the result.
So,in my opinion,the time point of buying sina may depend on the monetization scale of weibo.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.