It's like reporting for duty in a slaughterhouse every day. The worst thing is that management allowed this to happen. They never defend their stock, starting from that cosmetic issue. VIPS issues press releases every quarter, as does every successful Chinese company. All the failures practice the same silent treatment.
Chinese sure are some stubbornly stupid people. I'll give them that.
market tired of these china stock co ,never putting news out. alibaba files with a 1 billion ipo amount. their games have gotten very old. look at every co alibaba has invested in. they all have gone down after the announcement. theirs a lot more pain coming in china stock.
Right now all China stocks are diseased....not just DUNG specific...I doubt management of any of these companies can do anything.....look at YY...had awesome numbers and beat both on earnings and topline...beat on guidance...the company has stellar growth...it also announced buyback and the stock is still tanking every day....unbelievable....even more sickening than DUNG....which is hard to believe
One day all this will be over and the high growth that these companies are showing will be re-valuated....it sucks having to be patient
The hedge funds have too much power. They outnumber stocks traded and lobby for control. Goldman owns at least 6 lobby firms and they alone spend millions. Hedge funds co-wrote the uptick rule and the rule on naked shorting. Is it any wonder that both are now worthless?
Hedge funds bribe congress, share insider tips with congress and probably even wife-share with congress. At the very least they share prostitutes, drugs and insider trading tips. How do we compete? A group of hedge funds pledged to short all small caps across the board. My understanding is that they've all jumped in on the #$%$ train.
A China #$%$ is always in season. Everyone hates China. BTW, noboby lobbies for the retail sector.