I believe XIN is NOT buying right now (they stopped this summer for about 40 or 50 days around earnings - and would be no buying Last week Sept/Oct / Nov - until earnings announced if same this time) -- since they would have insider info if they were trading.
The pattern we saw makes sense to me in "a stronger market for XIN" with some indecision, and uncertainty around when it will take off & if Blue Ridge will keep selling.
Result was the health move up (eg the march to 3.37 -- that was a bullish sign & opening was good on Thurs... Surprised it didn't get to $3.48 before the drop - but could well (can't prove) have been blue Ridge with big chunk starting the fall (although making a profit, with a $1.75 basis)....
GLTA -- if in cash now -- $3.16 is a key point, if up, should jumpt to 3.25 and 3.33 fast. Also, could go to 3.10 or 3.00/2.99 (where there is tons of support) ----- Will be VERY surprising if when earnings come out, we are below 2.99. I'm guessing 3.25
I never short any stocks before, but I did a little research before regarding short timing. The problem is timing is more difficult for short than long. For long, you can theoretically hold forever, but for short, you have to cover your loss at some point either by yourself or by a margin call.
Also, it is easier to find a short candidate than find accurate timing for a short. Even many successful traders or fund managers are hurt by awful timing of their shorts. However, some short celebrities can get timing right because their short positions themselves can influence the market. Latest examples are David Einhorn, Carson Block, etc.