Replies to post #31423 on China MediaExpress Holdings, Inc. (fka CCME)

[Motor City Trader]

That's my point. It's like the calm before the storm. Still 2/3 of the stock is untraded.

[T-R1]

Doesn't the theory "shorts and longs agree on $2.05" make sense?
I don't know, just asking.
Selling below $2 doesn't make sense to me, it's like a total loss. Maybe that's why $2 is the support level.

[cfgjr]

Good questions.....

Who is buying? May not be shorts just yet. I can tell you that I agreed to lend my shares out a while ago and they have NOT been returned so at least some shorts have yet to cover. Is the company buying? Is Cheng? Are institutions? Retail? Day traders? Damned if I know.......

Why are people buying? Depends on what people are thinking. Some shorts are likely covering here (I know I would). It's still a viable company (institiutions, retail)? Short term trade opportunity (retail, day traders)? It's an opportunity to buy up $30 million in shares on the cheap (the company)? It's an opportunity to own a huge chunk of the company to go private, etc. (Cheng)?

Like I said, damned if I know....