We could get 10% back...........in the next two days!
our respects to what was known as the high growth IBB Index.
We did hit OVERSOLD on the RSI and MFI techinically speaking. It usually bounces from here. Let's call 300, oops, down to 298 as I type this, as our LINE IN THE SAND.
Could happen you know
For bringing up a stale issue that is merely to gain votes and destroying the process of creating drugs in the most fertile environment in the history of mankind right here in the United States. How long do we have to deal with this nightmare of a candidate.
When the stock was moving up last week though it was on ginormous volume, that is the difference. I think this downturn gets bought up.
I fear they will soon disappear ala so many other US listed Chinese. Believe me, there are REASONS they trade at .75.
PE is more like 8 looking forward. LEJU had some estimate cuts but still has 25-30% growth but a dominant industry position. Look at the current yahoo estimates to see for yourself for this year and next. Both companies making good money now and seem to be rolling. Does not matter though it seems as anything Chinese is radioactive. But EJ has two big projects in the pipeline, the social program and the financing program, the latter is active now with some small revenues while the former has not formally monetized anything yet. But from the CC, their analyst following is drying up also. No one cares about US listed Chinese stocks, all you have to do is watch BIDU and BABA.
Key question is what does the COMPANY FEEL in terms of what their market share could be? I would imagine they would be conservative in their estimate but have they really spoken to that?
Volume dried up. Momo players gone for the moment. Likely to drift downward without volume support as profit takers lock in.