this has very little to do with the Chinese market going down. The market here will also get crushed. You will see the DOW at 15000 shortly.
remember the wontons with cardboard coming into the US and the dog treats that were killing dogs. never trust any of these Chinese stocks. they are capable of just about anything.
All I can say is WOW and #$%$. What a major disappointment today is for this stock. Flat out mental abuse for any long here. After yesterdays stellar performance to today's.
dilution??? this is already diluted enough that it could just keep going down back to .50 cents. With such a low volume to the float being traded every day and overall Chinese corruption and no regulation the possibility of this trading below a dollar again is highly likely. It will take months to happen but it will. Slow bleed with an occasional up day just to keep you interested and hopeful. Yesterday was a tell all for this stock. no interest no buyers more corruption.
Oh please. A correction is expected but this is ridiculous. It will give back all the gains plus. The only way to explain it is flat out corruption in the trading. I wouldn't be surprised if we see this halted and investigated.
pretty much looks like dead money for a while as it consolidates. The volume is already drying up. a 50% retraction is typical. lets see if it holds here.
You really need to think here. Why the float has not traded yet. Why are so many shares still being held. Shares that could have been sold yesterday or the day before for huge profit. And why is the daily volume so low today and only going to get lower. Millions of shares still being held here! WHY?
its a penny stock. this will drift right back where it started from and the volume will go down to nothing. If you bought as I did you are stuck for months now I think. This is dead money until the next pr. I may buy more if it gets to $2 and that may happen tomorrow.
this is not a bad day here. It may be down but has some strength. The retrace was expected and has flushed out a lot of shares. We could be forming a strong base at this price.
any more selling here is form insiders I would think. Who else would be holding shares below this price. Sure so me good be but after the last consolidation if you didn't sell on the pop you lost out and would be a fool to sell now.
so true with all these type of stocks. The Chinese however are real crooks but this is acting exactly usual. The big spike then it gives it all back and then some. There is no way to make any sense in the price/volume action especially now at his level. Sellers are selling at a loss at this point.