These Chinese stocks are notorious for giving out gains. Also, notice that Kandi has no website in the Yahoo! Profile. Which could be an omen.
I like Chinese stocks other than that. Like CPGI and BORON which I've held for over one year and yet to recover my loses.
There's a good chance this one to reach $5.00+ in the coming months. Once wall street gangs up on a stock it can OVERSHOOT UP or DESTROY DOWN a stock.
I've been here for over a year and UNFORTUNATELY own many Chinese stocks that are worthless like SCEI, AOBI, APWR, etc
I'm holding other Chinese stocks that look promising like CNIT, BORON, CPGI. Maybe these can recoup my loses on the other ones.
You said GPRC would be $17.
Mr Market doesn't trust Chinese stocks because if it had those earnings it would have been acquired. If it had all that extra cash it would have given a special dividend of maybe 70 cents!!
Averaging down is, mostly: useless. I averaged down on APWR, WPCS, AOBI, etc. and guess what? All of those went down to almost zero!!
Earnings $0.18 VS $0.01. If this is true: then, expect a Stock Halt to balance upside volume. Let's hope for the best. ...been here for over 2 years and waiting to recoup my losses, (about $0.98/share).