Replies to post #76484 on China Growth Stocks

[Drexion2004]

GFRE: Lets keep things in perspective guys. They sold 400k-ish shares over 5 weeks, thats a SLOW pace of selling. The average price was above $8.

1) We don't know if they are willing to sell anything below $8 and the stock is at $5.5 now.
2) They were obviously selling very slowly so it was not them that caused the drop. Such a slow selling rate will not seriously impact a stock with the liquidity level of GFRE. The drop was probably caused by people selling because they got AFRAID of HAP selling.
3) The 6 month chart RSI is at like 16!!! I repeat, 16! That is into insanity insanity oversold levels. Buying this for a trade alone makes sense if people are not interested in the fundamentals.

-Fernando

[pmony5]

GFRE agreed & will be watching & preying like a hawk ... GLTY & make $$$$$$$$$$$$$$