It was a gift to add to your position. I used it to add to all my mining holdings. Yesterday was the reveal of where the miners are headed, today was a pullback to seriously add to positions.
Because this is an RTO, you have to look behind the curtain to see what is going on. The Insider Selling of the American officers pre pump is not the smoking Gun. This is a Shell Corporation for a chinese company per the RTO merger, it is controlled by the Chinese fellas, and I would Surmise THEY (the Chinese officers) are the real instigators of the pumping scheme to unload their stock at the end of the lockup here.
I would imagine, the reason Spencer was selling DAILY for the first 2 months of the year, DAILY, is that there was so little volume, he would have crushed the stock price. It would make sense, if you know there is a shady deal going on and you held a lot of stock, you'd HAVE to sell slowly, like every day, in order to not #$%$ the market in such a thin stock at the time. the rest of these guys are gonna BAIL very soon i would imagine.
As for Jim Rogers, this is an insignificant stock holding for him. He has no clue what this company is really up to i'd think, they are just paying him to get his name on their business, and he is a big China Bull, and likes to promote China.
doesn't matter what is reported, This RTO will throw numbers over from China that it thinks the street wants so that they can dump the remaining lockup shares... DUH!!!
But you didn't sell, and you are regretful... you are now HOPING for it to move back higher, hope is not a trading strategy my friend, take your profits first thing Monday...It is setting up to be a doozy, All markets are going to open sharply lower on Monday AM...mark my words It'll freak you out how right I am. you ask, how'd he know that, there wasn't any news of any sort when I posted this... JUST WAYCH
In fact it does, as TWGP has fallen off a cliff, the sound it makes is BOTTOM CALLERS squealing all the way to ZERO. Look back to the 18th of SEPT, "wayy undervalued..." blah blah blah, and they're back at it again here at tasty resistance of $8... The bottom is in you say?
It has FALLEN OFF A CLIFF FOR A REASON, It's Garbage and is not just gonna suddenly rally 200%... IT IS BROKEN and probably BK, we'll see.
News flash, the earnings rel on oct 7th is not going to be good. I would even surmise that it doesn't happen and they delay AGAIN... don't think it can't happen?!
i told you mkts were going to be off sharply today (see my prev reply from saturday)... dow futures off 100 pts sun evening... monday is going to bite if you are long this stock... shorts have this one pegged below 4 this week... watch 'em!
"don't let them to make this"? translator broken or something...? Valkust, you are obviously a Chinese shill for this company, it doesn't help #$%$'s case any to have obvious, bad english trasnlating shills trying to support this worthless piece of garbage.
As institutions have very little interest in this Fraud, they will be closing out positions as it is not worth their time to ferret out whether or not it is worth the gamble, no playing wait and see. Shoot first, ask questions later, particularly if their stake is SMALL... which it is.
Where do they get these names?!?!? Yahoo won't even let me post the ticker symbol in my comments, because YAHOO even knows what it means!!! it is an absolute In your face to sucker investors who are buying into this fabricated company that is saying in it's ticker symbol #$%$
The short interest in this POC is miniscule as of AUG 31, 248k shares only 1.4%, therefore you will have very little buying by short covering. granted this could have increased since the huge pop this week.
BUT, because the stock is "hard-to-borrow" ie very small float, the shorts are going to be PROFESSIONAL traders, not retail, because retail do not have easy access to borrow shares unlike PROS. The only buying will be the greater fool of the retail crowd, the institutions will be dumping their small stake as well I'd imagine. This will drop like a stone to UNDER $4.00 by next week, I guarantee it!
This is not an American Company, it is an RTO (Reverse Take Over) do some research. RTO's are the scammer way for chinese companies to enter american markets without a lot of eyes peeing at them...and scam some capital from foolish investors.