Chinese internet flash seller in crowded clothes, shoes and sporting apparel reported disappointing earnings on 8/16/17, after hours Earnings Surprise -12.87% (.176 actual vs .202 consensus) Net margin attributable to shareholders down 35% Growth quickly decelerating: -18% from Q4 '16 to Q1 '17 and -31% from Q1 '17 to Q2 '17 (this reporting quarter) Institutions are fleeing- a net of 36M shares were sold last three months reported VIPS is guiding lower for next quarter than the street was expecting Downgrades in today from Daiwa Capital and HSBC- expect more Friday Daiwa reduced VIP's Price Target 43% from 17.50 to 10 VIPS top and bottom lines are being squeezed by Alibaba and JD.com Stock closed down 8.11% at 10.20 Thursday and remains overpriced with a tangible book value of only .55/SH I believe SP will crash through 10 Friday, setting off Stop Loss Orders
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