Stock is in severe downtrend as it looks fundamentals are in the question
Will institutional traders stop here or will it fall another 10-15%? That's why I agree with poster setting up stop loss 3% even it looks too small but when stock is in downtrend it is usually wise thing to do it that way.
Why lose so much when now stock could be bought for much less? Stops are always a must to have in uncertain stocks and especially in Chinese one like this one. Smart quick time traders use 1% stop loss in certain stocks.I'm out from this one as I am preparing for flight back to main land from Hawaii . Those two and half weeks went fast but it was incredible time here.
I hope stock will not drop too much from here and if it does I would buy for real not like some say each time they buy dip just to see dip it further.