Replies to post #6971 on China MediaExpress Holdings, Inc. (fka CCME)

[Traderfan]

Nah, don't forget that Shanghai lost close to 10% on the index during this time. All china stocks once again get slaughtered right now.

[SaltyDawg]

Its also the sentiment of the overall markets too.

Look at other CGS today, they too are getting pummeled.

What should be a stellar day has turned to hockeypucks, across the board.

Talk of limiting amount of coal exports, raising interest rates again, YADA, YADA and YADA.

China controls her own destiny and with it, her businesses that we invest in.

Just a larger view I guess......Hell I almost put in a sell order today but did not.

Yeah, will get a bit uglier I fear.

Yup, a div or anything at this point in the form of good news would be most welcomed.

Still have my health and sincerely hope all yall do too!!!!!!(Attempt at humor)!!!!

[Headley Lamar]

It is not a selloff on no news, people obviously didn't like what they heard (and didn't hear) in the CC and have been exiting stage left. 7 million shares traded with $6 a share shaved off tells us that. The buyback stunt combined with no divi was a slap in the face to longs that have been through thick and thin.

Time for Jacky to change his plans and get us back on track before our TA truly goes in the toilet. We've already kissed the IBD 100 good-bye for the foreseeable future.