From recent NCTY sec filing, the CEO Jun Zhu had just reduced his position on NCTY from 37%(last Dec) down to 34.9% for some reason unknown.
This is not a good news for the current shareholders from my stand point of view.
I am not positive on the stock exchange with a HK company with very cheap stock price around $2.
All not good signs, be aware.
Right now the stock price is purely driven by technical trends.
The risk is high if Jun Zhu keeps dumping his shares, not sure what he is trying to do.