This company cannot be worth $3 billion, maybe $1billion
sorry,after a 6.7% drop. All I'm saying is there is a fool born every day. Just got to be cautious of expectations and unaudited results. Or results claimed to be audited by or with auditors currently under SEC investigations. Which may or may not applied to this particular company. Good luck.
The drop is because of restrictions from China on audits not company performance. There is a threat of being delisted from the US if they don't comply but I'm sure they will if they want to survive since it's here in the US that they raised capital and it is here that the best capital markets in the world exsist. I see it as an opportunity not a threat. Are you saying that these Chinese companies are all fradulent because that is a tall statement. Just in case you spent too much time in China, US companies are full of fraudulent or deceitful traits. It's part of the game... If you don't like don't play.
I don't think all Chinese companies are fraudulent, and I am not making accusations that this one is. What I am saying is that I used their products, and I don't think they measure up in a competitive market in China, thus the value of the company is in question by me, a user of their products. " A yahoo User", did you even check out their products? I have and I don't think they are that good, why don't you go to their websites and download their "free" antivirus ware to test drive them. I disagree that deceitful traits and frauds are the norm in the U.S. I like it clean and honest, that is why I am short on this. And people can be short on a stock, can they not?