No doubt you are a continual loser. This is a junk stock that should be avoided at all costs. Furthermore it has no following, and is not shareholder friendly. and that's not the half of it.
The losers could be market maker this time. They made mistaken to believe others will follow just like VISN.
The winners are some institutions who wait chances to exit. I guess they sold bunch of them now.
Near to mid-term predictions? Anyone?
I guess what will be happening:
Near-term: continuation to downside due to MM's holding-bags. They have to exit.
Mid-term: This could be a great setup for another pop in mid-term because some existing holders exited.
guys holy @#$% this last pick that was emailed to me by Millionaire daytrader find them on GOOGLE, made me soo much money!!!! i bought ACYD at .002 and sold at over .04!! thats over 1,900% in gains. haven't seen that before! it was the biggest pick they had!
"On 15 May 2013, the Group received a written notice from Zhuji
Land Resources Bureau confirming that the bid made by the Group of
RMB62,700,000 for the land use right for the land located in Zhuji, the
PRC, through a transfer by public listing process was successful. The
Group entered into the land transfer contract with Zhuji Land Resources
Bureau and fully paid the Land Transfer Price on 4 June 2013."
Anybody got a clue where that's from? If not then you probably didn't do your homework before buying this stock. Me, i got sold out this morning early after the hold was lifted. Got shocked when i saw the jump it had made, and the subsequent further climb. I'd had a standing offer just marking time for i don't remember how long and today it got hit. 1.61. Got a bit sick when i saw how high it got but feeling a bit relieved now that it closed only 2 cents above where it got taken from me.
Anyway, for those of you who want to do the research this'll give you a bit of background on the company though it's geared to the other company, if you can read the annual report put out by 0938 (you'll know what that stands for if you actually do know something of the corporate entanglements between the two). Why they used white lettering on a light gray background i have no idea. Chinese intrigue? Don't want you to be able to read the report? I actually though cnr was currently involved in the pearl business. I haven't paid attention attention to anything but the stock price for years. And my account still shows holdings in 0938. I once tried to sell it, through ameritrade, but couldn't. I gave up trying to figure out the machinations a long time ago. Until today.
By the way, i had to copy that from the annual report and paste it over here just to read what it said. If you actually want to read the report you'll probably have to do the same, copy and paste to a word processing program page. Good luck.
thats the exact thought process that got you in this position.
Even if its money you can afford to lose, you're still here to make money....
why would you even trade a china stock scam, even if its a day trade cut your loses at a minimal.
ouch, im guessing you took more then a 50% loss
I think it will pump back up... my break even is 1.89, this volume is crazy kind of curious as to why.. I don't invest money that I cant afford to lose, just really really hate losing it haha