XIN will probably break $3 on Monday or on Tuesday (probably both).
And unlike some of your respondents, I'm not just a Cheerleader; I'm a realist. There's 3 reasons I believe at least the first half of next week will be spent above $3:
1. Next week Repurchase share limits go up
2. Between Mon and Wed-ish, current shareholders receive a dividend that could buy 1 million shares (even if only half of that gets DRIP'd / reinvested, it's still 500k shares hitting the buy side).
3. Daily volume is declining as we move away from ER date (so the Repurchased shares and dividend reinvestment shares represent a higher and higher percentage of the day's volume and, therefore, a greater upside price impact).
If you want to look like a genius as a bear, wait until XIN closes at $3.25 on Wednesday, then predict it'll be back under $3 within a week.