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Tuesday, July 26, 2016 8:14:51 AM
Anyhow, OH NO!!!
https://www.google.com/finance?cid=853317561149216
Meaning? Nothing. Just like it tanked when Lugee was selling.
http://www.wsj.com/articles/china-stocks-slide-as-selling-ban-due-to-expire-1460008002
Want to read something really
interesting, though, check out how hard it is to get $$$ out of China. $50,000.00 is pretty much the max, but Lugee is allegedly moving out $55,000,000.00 after taking advantage of a government selling opportunity. Lugee would likely have to have some high level Chinese government connections to swing that transfer if it gets done.
Based on recent Chinese market activity, it looks like major shareholders may be locked up again. Talk about inefficient markets in the U.S. (smh)
Make it a wonderful day!
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