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Xinyuan Real Estate Co., Ltd. Message Board

  • brianchesnutt brianchesnutt Jul 19, 2013 2:25 PM Flag

    Collateral Damage... Will the bottom to fall out?

    Ok I'm no expert.. but it's at least 'possible' this HGSH thing won't end well. It keeps making top gainer/loser lists and eventually someone is going to notice. If something bad happens it's going to set us back 3 years and drag us down with it, at least in the short term. Still holding but I'm going to wait to add more til that whole thing shakes out. If there is even a hint of an inquiry.... I can't imagine us being immune from that news.

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    • don't know if you are checking their RSI 14 but their rebound was a technical one.
      HGSH was oversold (only eight times during last years below 30) and now you must be really careful -and a bit afraid- above 9,7 during the days/weeks ahead if reach that level.
      (Obviously not knowing your entry point, just reading HGSH charts)


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