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Re: LilLarry post# 585

Monday, 03/20/2017 8:45:32 AM

Monday, March 20, 2017 8:45:32 AM

Post# of 924
Chinese stocks generally trade below their trade value. They have also had decreased revenues so I guess the market is worried they might burn through that cash, and their share price was below 1$ for a while so many investors, Institutional ones especially, were not interested.

There was a massive pop post reverse split. The short interest is insane here as you can see it dropped from 18 to now 5. Shorts have been driving this down on no volume and no news. This will reverse eventually as it's looking quite oversold and it is fundamentally worth a lot more than its current pps. That being said, not sure how high it'll go or if it will last but I have faith! I'm hoping they release news for once and the shorts get burned