Press release earlier said this:
" On a per-American depositary share basis, the company posted a loss of CNY6.77 ($1.11), compared with a year-earlier loss of CNY9.55 ($1.56). Stripping out special items, the loss was CNY2.24 (37 cents) in the latest quarter. "
Low on Tues: 12.35
Low on Wed: 12.12
Why not set your stop to 12.12 so that unlikely to get whipsaw?
To be honest, I think insider bought at 29/30 when they tank. At this level, they lost 50+% too.
Not a good day for SRPT investors.
From the Aug trendline, 23 is support here, resistance at 28.50.
IMO, 23 must hold by closing. If cannot hold, the next support is 20.
Below 20, I don't think longs should hold.
Yes.. but I am cautious of buying it here. Moving my stop to $9 just in case it decided to drop back below it.