I'm reading also. I have a small position. The chart is intriguing. This week may see a breakout attempt.
Appreciate your contributions. So far, this board is rather pristine. Unlikely to change without news.
I think they were expecting to at least double their money. They raised the price to $ 14.00 figuring it was a steal. Now they are under water like most of the investors they peddled their promises to. No sympathy here.
Let them sweat the loans they took to screw us. Watching their collateral disappear, while covering margin calls, seems sweet to me. Now that they capped the price @ 14, they are going to be twisted and stretched
to get back to even. Maybe Tencent will pick them up cheap.
Not looking like such a smart move now. Stiffing the American market for the Chinese gold-rush, after
playing it casual with their 1st quarter numbers as a public company has destroyed their creds.
Tencent, already a large holder, and probably a member of the CEO's Chinese "take out" team
could find itself in charge of the company.