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Xinyuan Real Estate Co., Ltd. Message Board

  • teknowiz teknowiz Aug 29, 2013 7:51 AM Flag

    My 2 cents on price action

    In my opinion this may be what is going on with the weird price action we are seeing

    1. Some short term traders have decided to exit long positions thinking that this is effectively 20% dilution of existing shareholders

    2. I think there are some long funds that are actually selling some, drop the price and taking the stops out and accumulating under 6 (it does not take much to drop XIN price. The other day I saw 2300 share block that dropped the shares by 3%)

 
XIN
4.07-0.02(-0.49%)10:02 AMEDT

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