Qunar (QUNR) stock opened on Friday and rallied big but dropped throughout the day. Shares of Qunar (QUNR) opened around $33 but closed down in the $28's. Should you buy QUNR? QUNR is an interesting China stock but the stock opened way to high. QUNR might even drop as low as $25-$26 before any major bounce. I like IPO's that open somewhat near the pricing point ( like WUBA or VJET ) but QUNR opened up over 100%. I would avoid this stock unless we see a major dip.
If you'd like more trading tips, join my stock picks group where we share ideas.
For more information in the top stocks in 2014, visit these links - Stocks 2014 - Top Penny Stocks 2014 - Stocks to Buy 2014