I can only guess that someone is SELLING, SELLING, SELLING at $3.70...is it a short? Someone has a conviction that $3.70 is a top..either short term of long term....I hope we BUST through this seller!!
It is so hard to know who is doing the buying...I look on the NASDAQ to see short interest every once in a while, but I would like to think this is new buyers picking up these shares. I guess until we see some solid numbers again, the price will continue to be undervalued. We have been getting really positive news from China, plus if the rich are truly fleeing China, hopefully they will still buy from a Chineese realestate agent in the US and XIN will benefit from that as well....this is a long term hold, and I hope we hear less and less about fraud!!