Panic selling and irrational PUT buying exuberance
1) PE ratio and growth of this company is better than abnything you can find in the US
2) If the financial reporting is inaccurate with this size of a company in china they will not be able to participate in the global economy. Thus the risks that their is subtaantial fraud is grossly overblown
3) Several speculators are about to find out that their 12.5 puts they are buying are going to expire worthless.
4) Disclosure: After doing substantial research I bought 28,000 shares this morning and sold $50,000 worth of June 12.5 puts.
There is really a lot of manipulation going on. I guess it doen't matter how good the company is. In the short run, shorts are controlling it. Global Hunter trying to manipulate as well with that downgrade call.
I researched the pre-market trades and see only 2 trades ...one for 300 and the other for 400 shares. Can you provide proof of your 26000 purchase? My second question is if you are that heavy into options , why did you not purchase future dated calls say the Dec 12s or 13s?