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Re: Jollymon1958 post# 92001

Wednesday, 07/27/2016 9:04:33 AM

Wednesday, July 27, 2016 9:04:33 AM

Post# of 232815
https://www.google.com/finance?q=SHE%3A300428&ei=nLCYV5mzFpa4evaUjqAJ

https://www.google.com/finance?q=SHA%3A601388&ei=drGYV7HqAc_BepL0udgI

Those are just 2 of their similar industry companies, with similar market caps, but if you scroll down, you'll see they ALL got hammered last night. Crazy, right?

I guess it doesn't really mean anything if they ALL took it on the chin!!! Just my neophyte interpretation.

I wonder if this is more major shareholders pulling out or the Chinese market followed the U.S. selloff. I think the latter if you're considering a macro point of view, which when you consider the broader Chinese market sell-off, it appears to make sense instead of just Eon falling.

Double-checked - although China manufacturers got hit especially hard, the Chinese markets were off 2% overall! Yikes!

http://money.cnn.com/data/world_markets/asia/

Anyhow, have a great day!
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