There's not enough money nor enough trades to make Ebig charts reliable. If 100,000 shares trade in a day that's a whopping 5K that's changed hands. Not that's been sold, but that has changed hands. And that's what... between 2 and 5 trades? Population is too small for charts to have any statistical reliability.
That said, any stock will drift down in the absence of buyers, and in this case there won't be buyers until Tsingda goes public. The delays have exacerbated this. The day that happens the pps will more than recover. If folks believe that it will never happen, they need to sell. I believe it's going to happen, so I'm holding.
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