otatais...Excellent post, nice job, later I may add to your/this thread with more opinions. Try to keep your posts connected to your last informative & research posts, it makes it easier for the board to follow. Otherwise challenges to other posters can be off the thread.
My ideas will be simple: the initial longs here were savvy to the advertisising sector and the risks associated to aggressive accounting procedures to bring China stocks into compliance for trading on the US domestic exchanges. The risks are already factored & calculated into the reasons for the longs to continue holding.
The emotional friction created by this halt has mostly been from the "weak longs" and intermediate longs. Other complaints are from the traders who suddenly appear to find themselves playing on the wrong side of the sine wave.
Depending on the appearance of the forensic audit & tolerance for "implied fraud" (subject to interpretation) those longs should be bottom fishing as the less informed traders exit on perceived emotional issues and certain technical indicators.
All said is my opinion, 2249 share position, watching & wary trading long.
A Chartist's Epitaph & Disclaimer
He drew charts & TA
But they were rotten
And that is why
He's now forgotten.
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