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Highpower International, Inc. Message Board

  • malgotas malgotas Aug 28, 2014 9:30 AM Flag

    US Market Correction

    Wondered if anyone has any thoughts on what might happen to HPJ if the broader US market starts a big correction. On one hand, I think the fact that it is listed on NASDAQ would chain it to the US market movement. On the other hand, it is a Chinese company... so perhaps that would insulate it from the US herd.

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    • electrowing@rocketmail.com electrowing Aug 28, 2014 10:16 AM Flag

      if there is a correction, S&P 1960 (50-day MA) is a buyers dream. Not much to worry about here ~ GDP at 4.2%.

    • I think HPJ will go down with a down market... just because so many push the button across all stocks. I would like it better if I could trade on the Shanghai or the Hang Seng rather than the US markets. I have no confidence here in the NYSE or NAS just because they have topped. Big money has an itchy trigger finger that shoots first and thinks about it later. HPJ is making money and is a great company. It's ONLY drawback is that it is listed on US markets.

 
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