Replies to post #556 on China Finance Inc (CHFI)

[sdy]

Just checking back in on coffee break.

anybody notice...How in the last few days CHFI gets taken down on 1000 and 2000 share trades hitting the bid, then maybe a larger block on the bid to get it down to around .20-.21. And then there's a lotta loading up at .215-ish?

What do you make of that?

[IcePickr]

Thanks! I'll take some of the credit. I placed an order for 15,000 sh@ .215 based on the recent highs/lows over the past few days...

Kinda like fishing.......Gottcha! LOL

Snagged 2,400 1st, then 12,600 :)

I'm not sure why someone would unload at that price unless they got nervous that it would keep dropping.

We need more buyers & fewer sellers to bring the price back where it belongs.

I think that goes for all Chinese microcaps.

[msgbrdinfo]

It's very possible that the cooperation agreement with BioPharm Asia is not being PR'ed so those in the know can pick up shares at this prcie level. Look at the volume. Another quarter of a million shares traded.
I think this may be more than traders exchanging shares back and forth. I'm guessing traders are still doing their usual thing by not holding for very long and selling on no news but I think many of those shares are being bought by insiders or at least quasi-insiders in China.

Just speculating...