This is a very scary hold at 29. It ran from 20 to 29, almost 50% in a couple of weeks. Disappearing bids and asks. Who is Y on Level II anyway? This stock could drop $3 in an hour....or minutes.
You got the break down today. The only question is whether this is the end of the rally or if they will push it up again. I covered all my naked short calls today, all 100 of them. Also sold my long puts. I don't normally trade options on stocks but felt very confident with these trades. It worked and I'm out waiting for the next move.
Good to see some people don't trade / invest with their emotions.
I have made money on this stock, long and short, but I confess, much more on the short side.
All Chinese companies I view with suspicion, especially, stocks as volatile as this one. It's really funny...the "I believe" newbies / bag holders.
I hope they run this POS to its 52-week high and beyond!
Think Or Swim has many borrows available.
I continue to wait patiently for the breakdown.
Another thing...it wasn't very long ago, maybe three weeks ago? that JKS was trading $4 lower than TSL. Today JKS is trading about $1.50 higher than TSL. Back then the TSL longs justified it. You can read their reasons on the TSL thread. At any rate, which is correct? $4 less or $1.50 higher? Or somewhere in the middle? IMHO, the risk of buying or holding JKS at 29 is significantly greater than the risk of buying or holding it at 20. No bashing intended.
It doesn't matter what I think. You could say that there's a 50% chance according to the analysts because that's their target price. They have reasons for thinking the stock will go to 16 just like other analysts think it will go to 30. Neither one of them is guaranteed to be right.