It appears that this stock is highly manipulated.
Not long ago we seen high volumes in the 1 million area and the stock barely moved one way or the other.
This stock is trading in a very funny way.
Up in the morning than down, closing at the high of the day most of the time.
Looks pretty good do if you taking advantage of the daily swings.
For the long term investor the stock at this price is a no brainer in my opinion
I just seen the headlines on Bloomberg news that China will accelerate the modernization of the runned down rural areas purring in billions of dollars in the housing sector. Also they are pushing for a more domestic growth economy for the future. I have no doubts that this will benefit greatly the growth of companies like XIN in the long term.
Looks like a great stock to own either short or long term.