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Re: OMOLIVES post# 144

Wednesday, 04/19/2017 11:54:06 PM

Wednesday, April 19, 2017 11:54:06 PM

Post# of 1138
Remember that I like to play devil's advocate. If I just agreed with all of your sensible points, this wouldn't be as lively a board.

And before we get too excited about the 13% gap up in Hong Kong, let's remember the old aphorism that a stock that gets cut in half needs a 100% return to get back to break-even. For those of us who weren't as astute and nimble as you in 2016, the stock is down 35% on the year through April 18th. A 13% gap up means that we are now only down 26.5%.

And in the last couple of minutes that 13% gap up has retreated a smidge to 10-12%. Is it outside the realm of possibility that HK traders are simply reacting to the 9% move up in the OTC listing earlier today, as opposed to reacting to formal confirmation of a previously-announced IMF bailout that will be revisited and reviewed every 3 months going forward?

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