Sino-Global Shipping America (SINO)

[value1008]

I think too many day traders took profits FAR too quickly and cut this one off before it could soar. The mid-morning earnings release might have had something to do with this. Had the release come before mkt open a lot more buyers might have lined up to really provide a lot of rocket fuel to SINO's upward trajectory.

Btw, i think that it's shorts and people who want a fuller position than they have who are saying SINO might go back to 2.50. It very well could, but i don't think so, unless there's a concerted effort by shorts (and weak-handed sellers) to drop it that far! That 2.75 is a very strong level, imo, just looking at the chart's horizontal level going back a few months.