We need to sell off and then rally to form a bottom. A new low and finish in the green would do it. Not enough price history to call the right spot though.
Would be surprised if it sold off lower than $5.50. That being said, if we close $6.10 ish, then I think the bottom is in. Not a perfect science but I'm hopeful!
Some don't have the platform to trade after hours. Tomorrow should be interesting. Online accounts allow for after hours but some traditional brokers don't.....Surprised they resumed trading after the markets closed!
SEC investigates and finds nothing, no one would believe anyway. Why bother? If you don't like Chinese companies then don't invest. Chanos takes a short position that isn't working and gets the SEC to put pressure on them.
If I were to establish a short position in a stock and then cry accounting irregularity or Ponzi scheme..ala Chanos (BABA ) and Ackman ( HLF ) isn't that a self fulfilling prophecy? Get the reaction you want then cover. They should have to stay with the position until after the SEC is finished with there investigation....only fair!