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.
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