Its the underwriters who are manipulating it. Network 1 underwrote it. They underwrite these shell companies then pump them up. They all get delisted eventually within a year or so. They box the stock and try and control the float and drive it up. Seen it a bunch of times. Get short and stay short it. The best case scenario would be if the SEC halted it for more info and it reopened on the pink sheets for like 50 cents a share.
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Puyi is up 12.34% to 6.01
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How is this even still trading lol. 700m Market cap. For real?
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I reported them on the sec website, got a call from them today too. 98% of the volume is wash trades. Gettin short
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they got rid of a few 100k shares last few days... then they got mega short it around 13 yesterday.....see u back at 8
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Puyi is down 7.11% to 5.03
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Did anyone find shares to short? I couldn’t
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they bought it all in the 7s now need to unload!
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The dollar volume seems reasonable until you realize that 200k shares of it aren’t real.
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They have put together multiple short traps on this chart last month
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in at ipo .. hoping for the best. good luck to all
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Time to short
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PUYI is down 11.05% to 12.40
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PUYI is up 10.88% to 10.80
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PUYI is up 13.62% to 11.93
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PUYI is up 16.01% to 13.33
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Earnings coming Monday night at 9 PM ET. Any info on how it might turn out?
Any info on how it might turn out?