I gotta man up and eat some crow here. Down nearly 30% in two weeks is almost "Lehman-like". These types of major volume declines are usually reserved for companies on their way out, not supposed cutting edge retail services companies.
I believe it is less the news out of China and more the complications of the IPO. The tutes have to know some behind the scenes antics here that are causing their major volume exits. And I mean MAJOR. I still think the numbers will be good for a couple of Q's at least but there has to be something beneath the surface. I mean these are not small fry investors getting out the stock, these are the big boys. I have to again say though, that I have not too often seen a stock this technically oversold. However, technicals were this way when the financials were going down last year. And if you bought them you know what happened to your portfolio.
Fundamentally, there have gotta be some financial shenanigans going on. Gotta be. I certainly am not privy enough to know for sure though. China knows how important real estate is to growth and they are not going to bring the property market down overnight.
Watch the news from China, sales will shrink even further early next year when the government exits the loose monetary policy due to build up inflation/expectation. Share price will bottom when sales bottom.
You could not be more wrong. How do you sleep at night?
EJ has beat estimates in each of the last 4 quarters by an average of 46% and recently projected 100% Q3 sales growth from last year.
"I have no doubt CMED is heading into low teens. The market had a 50% bear market rally, but CMED hardly changed over the same time period. Now the bear market rally is fizzling out, what will that do to this stock? Folks, think about that."
Market is up over 600 points and CMED is up over 50% since you predicted that crash too. You got to be out of money soon with too many wrong calls. Follow the trend and the trend is up.