Sorry to say but that is another idiot. It sounds like he is missing the fact that the number of shares traded last week alone was 2 billion shares. That is more than 1.5 the entire float. He also forgot that stock opened on Friday high and closed up at only 2.8%. Of course people are buying and selling heavily, but when you have a stock that is trading shares like no tomorrow, it does not really matter. It will go up up and up.
He got a little redundant about why he wouldn’t buy into Chinese companies....although U.S. companies like USO ETF oil fund had a litigation because of not reporting to shareholders their fraudulent accounting practices in May...so there are fraud companies all over the map
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