A year ago if people panic dumped over 1.7 million shares in the first hour of trade, it would have sent XIN far under 1 dollar. Today it was absorbed with a 13% hit and we are over $5. Nearly $8 million was spent on XIN in an hour. That is real money. That is not money from fools on a message board. People with real money are buying shares from those who are panic selling out. Smart money versus fools.
The curbs in China are primarily directed at hot markets and at resales. XIN for the most part does not operate in hot markets and is not doing resales.