58.com (WUBA) Stock - Buy or Sell?

58.com (WUBA) - Buy or Sell?   58.com (WUBA) is a buy below $22, sell above $26.

58.com (WUBA) stock began trading on the NYSE 10/31/13 and surged out of the gate.  Shares of 58.com (WUBA) opened around $22 and went on the hit a high of $27 later on in the day.  Should you buy WUBA?  Tomorrow is the QUNR IPO so I expect further gains for WUBA when QUNR opens for trading.  All major pullbacks are now a buy.  If you'd like more trading tips, join my stock picks group where we share ideas.

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WUBA IPO - 58.com (WUBA) IPO to Open This Week

58.com (WUBA) IPO to Open either October 31, 2013 or November 1, 2013

58.com, the craigslist of China, will IPO this week on the NYSE under the ticker symbol WUBA.  58.com (WUBA) stock should be red hot because Chinese stocks have been on fire lately.  58.com (WUBA) operates an online marketplace for consumers and businesses in China.  The company is looking to sell 11 million shares and they expect to price between $13-$15 but that price should be raised later this week.

IPO's are safe to trade during the first 30 days but will 58.com (WUBA) turn out to be a scam in the long run?  Time will tell!  In 2011 a lot of chinese stocks came public and turned out to be frauds.  Let's hope WUBA isn't another one.

More IPO's - http://www.blackberrystocks.com/ipos2013.html

Tim
http://www.stockstobuy.org/group/stock-picks