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SUCH A CROOKED AND RIGGED MARKET
GREAT TRADING, GREAT ANALOGY. WEI WILL OPEN AT $5.13 THAT WAS THE REGULAR HOUR CLOSING PRICE WITH THE POTENTIAL TO GO OVER $12 IN PREMARKET. ITS UP TO BAGHOLDERS TO DECIDE IF THEY WANT TO FIGHT TO MAKE PROFIT BY HITTING ASK OR TAKE LOSSES BY DUMPING. WEI WAS HALTED FOR NEWS PENDING, NOW NEWS HAS BEEN RELEASED AND CANNOT BE HALTED AGAIN TILL AFTER 9.30AM REGULAR HOURS FOR THE USUAL BRIEF TRADING HALTS IF ITS STILL FLYING BY THEN.
AIHS next to rip higher...
News update.. https://ih.advfn.com/stock-market/NYSE/weidai-WEI/stock-news/83499591/weidai-comments-on-unusual-market-activity
Ya it seemed like people were accumulating all day.
Will see what happens in the am..
Wow !!! Near 900 % uptick
And to think mid afternoon on the drop to $2.86 from $3.70 when it was halted for 5 minutes many on Twitter were laughing saying everyone would be a bagholder when it reopened. Someone had the last laugh and it is those of us that held! They're running these low float China tickers. KXI$ was first, now WEI and two others in the $1's yet many on Twitter are talking about running.
Thanks; I just returned and saw that. As stated, my account is the beneficiary of cash at the moment - not shares - because I closed position shortly after the end of regular session, at around $8. I sensed that the mania had run its course, and understood that intelligent risk management must always win out over greed. I encourage other traders to embrace the same level of self-discipline when trading volatile issues such as WEI. To those still holding: I suspect my sell decision will prove prescient, and that the pending news will be one of those "we don't know why our stock has spiked" company press releases. Regardless, chin up: we will all live to fight, and trade, another day.
WEI $$$
$DUO : Next major runner
Ran to $128 this summer.
And has the opportunity to repeat that feat again
GO $DUO
p&d in full effect
its the classic pile in play
why did we buy no one knows
hahaaa
I have a felling they may not resume today
depending on news
could get crazy
WEI
No news.
Last filing, a 6K, mentioned losing almost $70,000,000 in 6 months.
So, yes, why is this up.
Congratulations to anyone that bought before today.
I'm not saying I would have played this one. Too risky, specifically country of origin.
However, using these tools, one could have located this months ago. The trick, after you've located it, is to figure out an entry point and stick to it.
Really, the risk with the stocks in some other countries is a little more than I'm comfortable with. But, unlike other popular penny stock graph readers, these graphs are giving a picture of risk that you can use. The lines are not arbitrary like others. Every line on that chart ties back to a proprietary model.
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Other plays up on the China craze also hit pause.
The fund running the buy algo which has ran up quite a number of them will just need to find another one.
I suspect that once they generate the volume and interest they ultimately build a short position.
thats true too, a short puts pressure on FINRA to have the company put out a letter addressing the interest and volume
they usually say NO REASON
and the stock gaps down for the shorts to cover
yeap
we have seen that movie too many times
More like someone short a big position demanded that the company respond and say nothing is happening.
Just remember the market is more fair and balanced if you have more money.
Someone with a small account and complaining would just have their email deleted.
WEI 7.96 HALT T-1 ***NEWS PENDING
if they drop news its going $15+
if they drop offering watch out below
10/20/2020 17:43:06 WEI Weidai Ltd. American depositary shares, each representing one (1) Class A ordinary share NYS
http://www.nasdaqtrader.com/Trader.aspx?id=TradeHalts
WEI, CODE T1 Halt - News Pending [Trading is halted pending the release of material news.]
* * $WEI Video Chart 10-20-2020 * *
Link to Video - click here to watch the technical chart video
I believe WEI is pronounced "way," as in "there's a way lot of cash in my brokerage account at the moment."
"Trading the traders" is certainly proving to be a worthwhile pursuit.....
WEI $$$
Well You guys holding this are lucky I wish I knew it was moving it!!!!
I LIKE YOUR CHART READING SKILLS. READ ANCN. CONTINUATION OR NOT?
WEI 7.89 proved me wrong
lk;ol
once WEI broke 4.50
should have been all over it
WOW. WEI CRASHED A WHOLE DOLLAR IN ONE MINUTE. ITS BEEN REFUSING TO GO BACK TO OVER $4.5O SINCE 11.37AM. LETS SEE WHAT POWERHOUR BRINGS
flash crash halt 2.87
3.90 hit ... just too risky for me
I like to climb mountains not ski down them
The charts looks great. 05 min and 10 min Setups Look like good continuation charts. I seriously don’t like buying into a 100% run let alone a 300% run but dang.
i DONT SEE ANY NEWS https://weidai.investorroom.com/
seems to be holding strong over $3 and accumulating. More buys than sells.
30mil to 23mil and then 13 other volume.
I may get some more. Will see
why is this moving? lol. Do you think it will break the 52 week high of 6.50?
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