IBD noted late today (Monday’s digital edition) that China-based stocks were hard hit today. They indicated that a mild tightening of rates was the trouble, not to mention the NQ disaster yesterday.
My view is that XIN did well today and volume was on the high side with a modest price decline. To me this means that while investors trading 100,000+ shares may have sold, there were buyers there to accommodate the selling. Earlier in the year the price dropped from 6 to 5 in the pre-market when China made a surprise policy change. Looking back I was fortunate to have been able to purchase XIN on that day. I have not purchased more or sold any since. I have however sold out of the money covered call options on 15% of my XIN holdings; currently the Nov $7.50 and Dec $10.00 calls.