KNDI is down in many days after a very good earnings due to option expiration today: Traders push down the price so they can get a huge profit form people who bought calla or sold put. You'll see kndi would go up fast on next Monday.
I have to say kndi situation now is better than any time in the past with a bright future. There is no reason to keep this low price beside manipulation.
Wall Street takes the promotion of Cheryl Cohen as good news because Cheryl Cohen was in charge to launch sucessfully Xtandi for MDVN before. Now she's in charge to launch Galeterone for TKAI.
Even though the success in the past doesn't guaranty the same result for the present or future but it gives HOPE to investors. And hope is the important part of "Greed and Fear" of Wall Street.
And all other analysts' target price is $27.50. The result of galeterone phage 3 will be announced on the second half of 2015 and Oppenheimer analyst believes galeterone efficacy is superior than Zitiga and xtandi.
Trying to take away pbr shares from weak hands or make quick money, Wall Street big boys lower price at pre-market then increase price slowly during the day because they know well pbr is at near the bottom and starts to move up.
More than a year ago when kndi was plagued with disasters: SEC investigation, CEO Hu, a cheater, big losses, attacked constantly by analysts such as Jim Cramer etc...but people kept buying kndi some time pushed price to $22.
Now no more SEC investigation, no vicious attacks by Jim Cramer, stable business and profit... but people sold stock like crazy and pushed the price to new low. What's going on here?
In my opinion (may be wrong) this is a big scam that some bad guys try to get rid of small investors to take their shares before they push the price higher. I bought kndi from 13, 10 and 9 and keep buying if it goes down more. Please wish me good luck.
I bought achn this morning @ 9.82
I believe there are some hedge funds who started to buy kndi shares. But because kndi is a small stock, if they want a large amount of shares. The only way they get them by lowering price so small investors are frightened and sell their shares. Wait and see.
Even Worldcom, Enron stories happened not long ago, people still want to get rich quick and throw money in high fly and high risk stocks such as nflx, cmg. These stocks were promoted by shady analysts such as Jim Cramer, Barton Crochette who said American watch nflx 12 hours a day and slapped $900 target price.
One day these companies might suddenly declare bankruptcy and people lose all their hard earned money.
Really sorry for shorts.
They're really tired to count money.
No product, no profit, loss every single quarter from 2002 but alny keeps going up and up. Management feeds investors with PR all the time and management team rakes in hundred million dollars.
WHAT MAKES SENSE TO INVEST IN THIS KIND OF STOCKS? FOR WHAT?