I was really hoping for a positive close today (follow thru). That would have scare some shorts and momentum would have carried to tomorrow.
A loss of momentum is real concern here since management does not give us anything
These fund managers are such a j##ks, they deceive investing public blatantly.
Think about it, some moron had this stock in his/her fund in Q3 (may be he/she is not moron, just unlucky). So now he/she is ashamed to show it to investors.
So what they do? They sell at any price to take it out of their portfolio, so that they dont have any excuses for #$%$ performance. They also buy winners, usually at 3 months high to make investor 'feel good'
Whom are they fooling here? The investing public! (most are hardworking mom and pop who do that have any time to look into their funds to see what is really going on)
So they are being taken advantage of by these snakes.
about 20-30 min ago i saw spike to 6.96 and then next second it was back to 6.88. was that the block trade?
we are back over 6.9 now, so a bit encouraging
Shorts seem to have stronger resolve here.
I am not impressed by NQ movement today. Not at all. NQ has lost so much ground that not having a follow thru, not even once hurts a lot.
I still think despite the Sludge report, that management of this company does not shareholders best interest. There is still something bizarre happening here.
When is the management is going to wake up?
This is got to be top 2 worst management teams of large Chinese cos. (other is NQ)
Hired by some rogue small hedge fund or a swing traders that has short or a put position (probably weekly puts).
These small hedge funds often hire these paid bashers so that they can knock a few more points on a already weak stock so that they can score a few points right at panic open.
why would share price tank if they reject the offer?
there is no logic.
it will in fact rise because it will show confidence in the business.