Wade (ADL) it's Tax Loss selling season. Things are going to continue to be under severe pressure until tomorrow, and that is just seasonal factors alone talking. Not to mention this market isn't great. Plus china stocks can't get out of their own way if you think ADL is bad try TBYH.ob They earned .11 in a weak quarter, and here's the thing. They have $1.01 in cash and Trade at $0.65 at the moment. And unlike most china stocks they are cash flow positive.
So ADL has three things going against it right now.
1) Tax Loss Selling
2) China Stocks Can't Get out of their own way
3) Bad Market Conditions esepcially for Microcap stocks.
The good News is I think some of these condition will be eliminated, and other will be reduced in January, so it could recive a pop with a gazillion other stocks. Come January. Then again I could be completely wrong and eveything can continue to tank, and we can here the PE of 2 Chants a gazillion times by you Wade. Just kidding. LOL.
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