I've been trading this since before the reverse split... SBAY has been like a mini ATM, spitting out free shares and free cash repeatedly. I have no concern about it being a real co...and min. concern about the books/accounting.
But, I'm widely diversified into over 100 US listed china plays...keeping bets small. I'm a bit too heavy in JADA at the moment. SBAY is a smaller position, as I prefer natural resource and energy plays to tech/internet.
The sector is so beaten down and hated...seems overdone as these stocks seemed cheap, even at their extreme highs really... .
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