OK, here is what happened today (I am partially psychic)!!!
The first time investors got all exited by having been alerted by someone that the BIG NEWS RELEASE was coming out today. So this morning everyone got a little crazy and started buying thinking that they were going to miss the BIG BANG when the news came out.
Well, the Chinese mind does not operate that way. Confucius says that the news releases must always come out when the crowd has lost patience and has given up. Mr. Wang is a believer of that theory. Therefore he has decided to make the American speculators wait one or two more days. HE KNOWS THAT THE NEWS IS GOOD, SO HE HAS NOTHING TO WORRY ABOUT.
A very impatient bunch of speculator is ready to run away as 4pm approaches. WHO CARES ABOUT THEM.
LOL!!!!!
P.S. Actually the news could come out after the market closes at about 4:16pm.
Symbol
FCPGLast
1.98Change -0.01
Bid1.97
Ask1.99
High
2.05Low
1.80Volume
1,631,319Time (ET)
3:59:52 PM
AT THE END OF THE DAY THOSE IN THE KNOW BROUGHT THE PRICE BACK TO ONE NOTCH AWAY FROM YESTERDAY CLOSE.