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But those type of selloffs lead to substantial oversold bounces, and moves like we saw yesterday keep bringing back speculators like a moth to a flame. In one day Sina nearly advanced 20%, partly due to a reiteration of a positive rating.
- “The recent share sell-off offers a great entry point for investors,” Susquehanna International Group LLP analysts including C. Ming Zhao wrote in a report e-mailed to clients. They maintained a “positive” rating on Sina and a 12- month price target of $136.