I keep wondering why shorts want to spend all that energy to get this stock further down. And if so, how do they get those 100 share deals through on a so consistent basis? It could be possible that Wu and MS have a little buy-out plan. They contracted Richie boy and make a deal with somebody who is able to generate these manipulative orders. With some shorting they get the price rock bottom, so they can issue and attractive offer of 6 dollar a share. How could this be investigated?
Snap out of it! You are not a brave warrior fighting the bad guys to the teeth. You are here to ride the trend and make a profit. Look at the RTO sector chart -- this sector dives like a rock in deep waters to new historic depth. At least get out and wait on the sidelines.
The problem is not within the reference frame of what YONG or any other intriguing company tells us all. The problem is a collective one and it lies in the alarmingly underdeveloped Chinese culture and how they are not worthy by thousands of miles of being public companies. It has to do, as a major example, with how money is being dealt with, which is in thousand mysterious and obscure ways but the only one that qualifies for a public company and that is in a complete transparent bank-based registration system that is accountable and accurately measurable by credible CPAs under strict laws.
completely agree, Max, that this is hedge fund and MM driven...it doesn't take but one google search to find many articles by hedgies talking about just how easy it is to do this to a China RTO stock and make lots of money.
HOWEVER...YONG management, thier PR firm, and legal counsel has done next to nothing to drive the cockroaches away. That is the part that disturbes me. It is either complete incompetence...they just don't know how to combat it, or they actually want it to continue so they can either go private or...
There is no reason for the cockroaches to stop what they are doing. Weak hands continue to give them the shares they need and management keeps quiet...what more could they ask for?!!!