$MMYT....buyers are only reading the headlines and don't realize Ibibo was only recently deemed marginally profitable in their airline business this past summer so needless to say their business model is fragile at best.
No way does this warrant a 55% run up in PPS as Ibibo is marginally profitable and has lots of debts. It will settle mid $20's by next week IMO which is where is why I'll be buying PUTS tomorrow or later today.
People will slowly begin to realize that they bought any over-hyped news headline without even knowing Ibibo is barely profitable.
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