Pull up the day chart, firstly it is very very very bearish. The daily charts shows 6 lower lows for the day. I would say with almost 100% certainty yesterdays bounce was an oversold bounce, also known as the dead cat bounce. However if buyers come and we could get back to the 11.30 range then we are back in an uptrend, otherwise the uptrend has been violated and I'm concerned we could test the lows.
this is eiher a prolonged shakeout or a harbinger of things to come. Technical analysis is sketchy at best when a whole slew of chinese stocks underwent the same massive bear raid. Obviously most of these china stocks are still in their infancy, while most of the us stocks are maturing. China is the next bull rush, but when.
If I don't remember wrong $10.82 was the last low that we had and the stock bounce back to around $14 something and change before we came back down. So today should be a great entry point if we manage to stay atop $11.
I've been trying to find out and figure it out.
The are no place I could find where TIGER FUND IT AT with DANG,
Couple of hedge fund and fund lost a lot of money with some chinese stock, Paulson is one of them and therfore they cut their position loose.
I looked at how many shares trades since lock up expired and what happened right before, + a couple of very nice/well run financial website coming out with article def helping the shorts.
Pure wall street scam at its best lol.