Fact is there is Massive selling at 8 today before another severe leg down....do not be the last to turn lights off!
This is exactly and I mean EXACTLY the same situation as it was always with troubled stocks.
Just do not fell for any few cents Dead Cat Bounce unless you want to short higher or sell reminder of your losing position. We will drop further in days to come and the way I see what is going on there might be investigation already on for now not official one yet, but that is only my opinion but as we see my opinions were dead on for weeks or even months now. This company is not what is appear to be as far as I am concerned. Those contracts just do not add up.
More and more I start going through and deeper there is something what I have a problem to trust.
Based on this sense there is something terribly wrong with this company I am sure this stock will decline at least another 50% but this time it might be much faster decline as I expect as we go further more and more very unpleasant discoveries for those who once trusted this Chinese company.