Right before market closed, someone bought 22.1K shares and made price jumped from 14.03 to 14.35 and it continued to go up after hour. I think someone knew something or just a false good news.
It's artificially made by MM and #$%$ hedge funds. They buy and sell simultanously shares owned by themselves with price higher and higher to lure naive investors in buying.
They will unload their shares soon because they bought shares at 100 and now 118. They'll rip a huge profit on the expense of small investors.
Until today broker made more than 45 mil. Beside executive sold 100 mil options with the company with 41 employees with 6 mil revenue and no profit.
Guess who are the losers?
Do you say this is not a scam?
And has taken more than 20 bil from American and now want to take 8 bil by selling junk bond to American
3,600,000 shares at $100/share following by 30 day option of another 5,400,000 shares at the same price.
Well. Tomorrow we expect the price will fall below $100 as usual.
It's so funny. The news of public offering was announced by rcpt right in Yahoo Finance twice. Don't you see them?
Thank you for your condolences. But you're wrong. So far I made money but I want more. But it isn't the matter. The main thing I want to talk about is this is a scam among crooks: company executives, hedge funds, and analysts. Unfortunately naïve investors still believe them. Again and again, they're cheated by these crooks from Enron, Krispy Kreme, Taser, Alny, Icpt, Pbyi, rcpt and many more biotech Cos. No wonder people lose their shirt because their stupidity.
Ceo sold on 11/10/14/ and 11/11/14 more than 21 millions dollars worth of stocks. Other managers sold several millions dollars too after they announced the successful drug test. Now they try a fund raising.
what's a scam!!!!
No. Executive sells shares from time to time to take profit like any one else. But the timing and the volume let us know their intention.
If executives believe in their drug why they sell a huge amount of their shares. I know some one will defend them by saying they just restructure their portfolio, other investments etc. But the true is either they cheat investors (probably) or they do not believe the future of their drug.
I knew Chinese Communists very well and most American view about China is not true because American judge other people by their standard. The Chinese wealth is exaggerated by their propaganda machine and the greedy western capitalists. The Chinese huge prosperity is established by the huge cheap labor. Most Chinese still live in the poverty. Their economy will eventually collapse under their own weight. Our money invested in China will be gone.
I do not short any Chinese stocks and I'm worry about my retirement account. I don't know much about Alibaba and Jack Ma CEO. But I do know Chinese is notorious about stealing and cheating from Chinese government down. Some of my friends already bought products from Alibaba and said its products is not as good as company promises