Stock trading : Weibo $WB, what a bumpy slide the stock price has been

Stock Trading: Look at this ugly stock chart of Chinese company, Weibo $WB.  It has been a significant price drop from the highs.



Weibo has now given back most of its gains and just continued weeks of jusr loss after loss to a tune of about 62% drop over the last 52 trading weeks.

This has been the result of tre trading war between the United States and The People's Republic of China.  It also reported some slowdown in growth and some headwinds towards the next twelve months which is probably why the selling has been relentless.

Has it bottomed and should traders and investors start getting back in?  Its hard to say.  

As for me, I will wait in the sidelines befoee I make any trading moves until institutional investors start buying.

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Stock trading : Weibo $WB, what a bumpy slide the stock price has been Stock trading : Weibo $WB, what a bumpy slide the stock price has been Reviewed by blog_admin on 10:20 PM Rating: 5
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