I just read an article on Trump on Yahoo entitled "Trump dumps insults on questioners, insists on control". This line might apply to us longs:
"When somebody hurts you, just go after them as viciously and as violently as you can," Trump wrote in his book "How to Get Rich."
Sure. And there is also the ignore button.
My point is that there are folks who lost a lot of money and some of them are unstable. If they happen to own guns, it is not hard to imagine they would to out and shoot people. Maybe, as someone suggested, Yu is afraid of getting shot in the CC and that is why she canceled it. A wise choice.
It is sad indeed. But we are living in a crazy world.
I personally lost a lot of money in DANG. I am sure there are folks who lost even more, maybe their life savings who know. Yet, the shorts just call out "Tampon time" and "Confusius says this and Confusius says that". And meanwhile there are real folks hurting... It is bad enough to be scammed by Yu and Li... already.
Now, after the shooting, people would ask maybe something we could have done... Well, why don't we start here by not insulting the longs for a change, haven't the longs suffered enough already?
Somehow, I doubt shorts would stop the insults. It is like the scorpion that stings the frog, it is in their nature.
Although I agree with you that they set an upper limit price by their offer, legally they didn't. All they did was offered a buy out price. Say you wanted to sell your house, and if you told everyone you would buy it at X dollars, that doesn't mean no one would buy it above X dollars.
Maybe I am wrong,.
I believe there is. But they are the worst I have personal experienced.
I am still feeling the pain from the actions.
I can understand folks who do bad things to other because they want to feed their own families. But these people are millionaires themselves, why do they still feel the need to destroy others is beyond my comprehension.
I am sure, somehow they will get a taste of their own medicine.... perhaps it is the Chinese Market crashing.
Anyway, best of luck to everyone here.
You should not take this as positive development. Note that they bought in April 1 - Jun 30 when PPS was 9+.
I do recall FMR was one of the original investors (the term traders is more appropriate), when the news came, PPS shot up. I only found out that in the next quarter, FMR held zero shares. They made money on that trade.
Maybe Li wanted vengeance. Li is screwing FMR now for their previous trade. Who knows.
My guess is that they are trying to seal the deal so they don't have to face the public if possible... there will be hard questions for which there are no answers, you know.
I did a quick search on the number but came empty handed. Looks to me the media knows how to report bad news only, the 25% trading halt news over a month ago can still be found .
If GPRO were to shoot up, my guess would be because "China allows renminbi to strengthen":
After three days of depreciation, China has allowed the renminbi to strengthen against the US dollar.
The People's Bank of China on Friday morning set the mid-point of the currency's reference rate at Rmb6.3975, 0.05 per cent stronger than the Rmb6.4010 level set on Thursday.
The "onshore" renminbi weakened 0.2 per cent weaker at 6.3982 on Thursday, falling short of yesterday's mid-point setting. Today, "offshore" renminbi, which is traded outside the mainland, appreciated against the US dollar and was 0.3 per cent stronger to Rmb6.4455.
The renminbi weakened 3 per cent in the past three trading days — a small change by global standards but a larger move than the currency sees in most years.
The PBoC announced on Tuesday it was modifying the mechanism used to calculate the fix for the onshore renminbi, in a move that would give markets a greater role in determining the level of the subsequent fix. The move was also intended to bring the onshore and offshore renminbi rates in closer alignment.
I just asked a question and that makes me a hater? LOL
I also asked him for advice for investing. I wouldn't be asking him for advice if I doubted him.
So you are the idiot in this board. It is easy to fish you out.
I was just little lazy to check the spelling and there you are.... by the way Xiaomi or whatever that is... is from China... I would not touch anything from China with a 10-foot pole. It would #$%$ many, many times over.
Good for you! I was just thinking after 35 years as a Technology Analyst and Portfolio Manager you should be done investing and live a happy life as opposed to taking this kind of wild fluctuations with GPRO. I hope you are right.
I am also trying out with investing other people's money. But I was thinking more about the "all weather portfolio" approach. Any good advice?
are you retired? After 35 years, shouldn't you be retired by now? Just wondering.
Can't believe all my profits got wiped out in just two days. The good news is that it was the "profits" got wiped out. Soon it might be the principal (hope I spell it correctly.)