Wow! Was up this morning almost 3.5 percent, and now at a loss over 6 percent?
Market makers and short sellers are working the retail investor to get them to sell to the large funds. Amazing how the prospects of all the solars changed in less than an hour on Knight Trading MM whims.
JKS is profitable and one of the leaders in the solar industry. With a relatively low capitalization versus its peers, increasing profitability will vault this stock much higher.
I don't know why this should be criminal - there are secondary offerings announced every day pre-market or after the close as this is common practice. After a sixfold increase in the share price within a few months I guess it is a smart move for the company to raise some new equity.
We will go higher VERY soon. However, it was brutal today. Did I ever say how much I hate the Democrats? I hate them as they aren't willing to negotiate and yet they have the nerve to say that about the Republicans? Even Jon Stewart recognized that last night on his show which is very unusual given he is very pro Democrat.