It looks like you are right. I don't understand why it is falling. I thought around 2.50 is a bottom, that's where I was buying, and expecting maybe another spike to 4 like last time. But it's not happening; is not Firefall not doing good? I am not such a gamer, I don't know how Firefall is doing. Actually the only thing I read is that it will be a good game.
That is precisely what is going to happen. Jun Zhu is quietly adding shares and waiting for the stock to go to $1-2/share before a management lbo. Management will offer $2-3/share which will be a huge percentage increase and then once the company is private Zhu will reap millions from the Chinese and Korean gaming markets. Take a look at GA and GAME. These are 2 companies in the exact same industry as NCTY that just recently went private and both are Chinese.