I just don't buy into that theory.. I used to think that's who it was, but there are too high of short positions across the entire Chinese small and mid-cap sectors to think this is company specific. I think someone made a huge bet shorting the sector.
I also think someone has to have been shorting heavily in the last two days..2MM shares trades since the NT filing was put out and the stock is nearly flat.. I doubt with the numbers they just put out that there are that many nervous nellies selling into this rally..
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