Am hoping that low volume is a good sign, investors waiting to see what earnings are reported. However, around 1:45pm someone unloaded 37k shares. I wonder why, and whom?
Only a couple more weeks until earnings. Hopefully we will see $2.00 a share again soon.
It is important that every investor understand the risk involved. If this stock was selling at 20 times earnings I would say sell. But at 2 times earnings downside risk is minimal. Of course it could always go bankrupt and the entire world including China could go into depression. Pay your money and take your chance.
Reminds of the 3 blind men describing different parts of the elephant and disagreeing over what an elephant looked like. Just as the United States has different things going on from region to region so does China. Xin is in a good spot right now. And even if parts of China run into trouble it doesn't mean the entire country will.