I was going to go into quite a bit more detail about WB but then I noticed yet more legal activity which is not help for the company or investors. However the graph for the "Chinese Twitter" looks very interesting and I have added a recent article link below:- Aug 7 2017 Weibo (WB) Stock Hits All-Time High Ahead of Q2 Earnings Zacks
Still seems to be an awful lot of legal action centred around this company - never good for investors.
While there is a lot of legal activity regarding conflicts with Japanese companies, Weibo has seen a huge pickup in activity in light of the ongoing contagious virus weeping the Far East. While this has not helped the share price as yet, could it be the sparkle of light that the company needs? Does anyone have an update on the legal action?
Over the last few weeks the share price has held rather steady especially when you consider the ongoing health issues across China, wider Asia and indeed the rest of the world. Might the shares be a buy on weakness? Is there potential to get anywhere near the recent high?
It might be worth creating a pool of coronavirus hit shares to watch and pick up on a long term basis if they are hit too hard. Many people will be panicking and this is the perfect time to catch a share which has been over sold and offers good potential in the long term.
As China comes out the other side of coronavirus pandemic will we see a bounce in some of the techy companies such as this one - the "Chinese Twitter".
Concerns about a second deadly wave of Covid-19 across China have seen some places moved back into lockdown. There will be some bargains to be picked up at some stage but not yet as I fear there may be significant potential downside in the short term.