Yes it is, Born just blows because management is not trusted, they never buy back stock or pay even a pittance for a dividend. I bet the management cut in lines at airports like half the Chinese do...Maybe even hock lugies in buses...
The thing with those stocks is you never know if they gonna run it to the moon and never look back. I have seen so many chinese stocks going from 2$ to 20$ without looking back. If you sell at 3$ instead of trying to get as much as you can, it's what I would call a bad trade. You cannot miss those "homeruns" when they occur, the thing is.. you never really certain when they will do so.
Last resistance of 4.20 is heavy but once broke, this thing will fly.. I'm not taking the risk to miss it. I'm not fully invested here so I can sit on my position and wait but days like today are just a pain in the #$%$
That is correct magicleverage, you never know. In cases where I accumulate and have a significant position, I usually hold a core and trade the rest by taking advantage of the fluctuations. I don't hold a significant position in BORN. I bought 5000 shares at $2.64 and sold premarket at $3.38, but have since begun buying in increments as it drops. So in case it keeps going lower I may accumulate a significant position. I have been doing this with GURE, PME, and OINK where my holdings are substantial.