Shorts feel the urgency of covering their positions, before Chinese market have a gigantic bull run in the coming 5 years. I don't think those bears, e.g. Jim Chanos, really think China will crash. The capitalism in China was a major success and will continue to be in the foreseeable future. All the hit pieces out of SeekingAlpha, Baron's, Forbes, NYT, and Bloomberg, serve the same purpose. The bears want to shares cheap.
Think otherwise, if the Chinese companies are truly scams, the shorts would rather somebody pump them more. After all, the stock price of those scams will eventually go to ZERO's.
A longterm view huh!
What are you smoking look at the price of RINO and CCME these RTO's are trash and cooking their books bigtime to make the numbers and cash out by selling when the stock goes up
Look at the insider sales on CCME it is frightening
china small caps have fraud stamped in there forheads right or wrong.investors will not touch them.there dead money at best.there will be more attacks on deer.6 bucks is a given.
That said, the market can be inefficient (Warren Buffett), as investors' confidence have been damaged/destroyed by this collusion of coordinated attacks. Buyers are not getting in, and share-holders are taking the exit.
In long-term, I think the market will be fair.
This company is a shell. Outfits like Global Hunter are out there to separate you from your devaluing dollars.
I agree on Global Hunters. Once CCME trades again, I stand to lose close to $10K. I was up over $17K and had sold all my shares at close to $22.
Their "DD" and several other factors had me dipping back into the cookie jar again and I was caught.
Good luck all.
Finally a person with a head on their shoulders. YOU HIT THE NAIL ON THE HEAD.
"Think otherwise, if the Chinese companies are truly scams, the shorts would rather somebody pump them more. After all, the stock price of those scams will eventually go to ZERO's."