FTFT rallied from $2 to $20 on similar news in 2016. Anyone can be a quick learner when a stock rallies 1000% in just a few days.
I actually wanted to buy the stock at the time, on the news. But it didn't move an inch for two whole weeks. And I remember thinking to myself, the China space is completely wasted. Why even bother. They had an institutional seller at the time, that's why the stock didn't go up initially. Until it finally rallied.
I was already stuck here, kind of. So I couldn't buy that one in 2016.