I agree Ryan. Probably one or several large hedge funds shorting the entire sector. There is some MAJOR money at work here. Some big fund managers have recently announced they are deleveraging out of the US stock market. I doubt they are sitting in cash on the sidelines. They are taking short positions where they feel they can get the most bang for their buck, and China has a huge bullseye on it. So many of these stocks have a small enough float that they are easy to manipulate and the China "corruption" cloud only makes it easier for them to come in and throw their weight around.
It only takes a few billionaire fund managers colluding to bring an entire sector to its knees. When they move along, all of our gems will move up. That isn't going to happen until there are some more bullish signs in the world markets and things stabilize more IMO. Any mid-term period where you have 200-300 point fluctuations on a regular basis favors the shorts. That environment breeds fear which is a long’s worst enemy.
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