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Do you think XING is excellent investment for next 3-6 months? |
I think it has the potential to be $30-$40 stock in the next 12 months. No. XING is one of the worst company's I've seen in quite a while from their management point of view. If I were you I would stay clear of this stock and go with RIMM. After a quick glance, I'd say the company has lots of potential in a market that is huge. The biggest upside is how they are positioned in China. The downside is they are in China which can be a volatile place. I own some KONG and some China Mobile so Chinese companies don't scare me. Most are fairly bumpy with their share prices, as you have seen with XING. There's no way to so, but I'd guess the price will go up, maybe not to the $30-$40 range, but you never know! That's not gonna happen, it hasn't shown anywhere near that in the past and is only now around $10. so what would push them that high? Wishful thinking only loses you money, put your money in the stock only if you are satisfied with 5%-8% gains. |
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