Pire, you make a really good point. It's a lot easier for a stock with momentum to keep on going up than it is for an overpriced stock to regain what it lost.
On a seperate note, I have to wonder if part of the delay is due to the increased the SEC is putting on Chinese reverse merger IPOs. It's quite possible that both Tsingda and Wonder have to submit additional documentation or have additional regulations with which they have to comply. That could be time consuming but well worth it if it restores some faith in good Chinese firms.
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