Now is the time to get back in here! The dust settled at around 8.30. It will be back to 12 by Friday. That's the REAL value of this stock, not what happened this morning due to panic and short sellers. Better get in!
Volume started the day a little high but has really slowed downthe last hour. I think this stock will "pop" up sometime today and continue tomorrow. There's is alot of lost ground to cover due to a rumor and panic selling in the Chinese stocks. Many of the Chinese stocks are not to be trusted but not all of them are that way.
Agreed. There were obviously many investors who very recently believed this stock was worth $13+ PS. Do they suddenly question that? I doubt it. There was so much panic selling that it went down, but then it became a huge value and I expect it to get back at least to $12 by Friday. It is used to 60+ pt days.
Now is the time to get back in here!
I agree with you that FENG is going back up but I have learn the hard way about catching a falling knife. I took profits on some stocks this afternoon so I would have the dry powder to buy FENG AFTER the volume slows down, and that will signal that a base is forming and the selling is over and everybody that wants out is out.. Don't try to guess the bottom because you can't and you will miss some small gains on the way back up but that is far better then that "falling knife". Watch the volume, get back in after it slows to almost normal. Good Luck !