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JinkoSolar Holding Co., Ltd. Message Board

  • websitecto websitecto Oct 14, 2011 7:03 AM Flag

    Raise Your Limit!

    I had placed a limit order to sell all my JKS shares in my margin account at $11.99 as a way to keep my shares from being lent out to the shorts. I had no idea the price would almost get there in a week! I just adjusted my limit price up to $16.99. The 6 million short position has lost about 24 million dollars in the last week, so they may do something desperate to stop losing 5-6 million dollars/day - like buying back a million or two shares in one day. If they do the stock might jump 2 or 3 dollars in a single day and you might lose your shares sooner than you wanted. These shares are worth $30 easily and I wouldn't even think about trading shares until it hits $16. Which might happen sooner than you think...

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