My remarks remain as they were before: things are unsettled in China and there has not yet been a return to the China Small Cap sector by investors. That is about the sum total of things.
I was surprised at the upside activity in the stock a couple of weeks ago and saw no reason for it. Now we are getting the downside as those traders move out. (Seems to me this happened across the sector.)
It do not see any clarity here for at least six months. There are many things afoot in China and much is still unresolved. It is not clear at all how the steel industry is going to shake out.
I still believe that CHOP is in an excellent position for the long term.