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finesand

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finesand

Re: ClayTrader post# 90

Saturday, 08/25/2018 8:17:40 PM

Saturday, August 25, 2018 8:17:40 PM

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Clay - a fair assessment trading wise

Yes, the high volume plunge and sideways move also with relative high volume indicates capitulation and certain 'common sense' nice price sentiment.

It dipped a little below $6 even, but investors bought back in w/ enthusiasm and probably even FOMO.

Following this stock for a while, Friday was finally the trigger moment to buy a few chunks here - especially while reviewing the bear thesis (fear) and company's actual results.

https://finesand.wordpress.com/2018/08/24/qudian-inc-qd-2q18-earnings-call/

Let's see where this consolidates, IMHO around $7.51
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