quite agree with eighteen above. think a lot of people are not buying its business model or have concerns whether it can extract value to justify its valuation...
but a the same time these IPO stocks can be very volatile and squeeze in your face.
what do you think lads? short it, buy put or...
Renhe 1387 up another 20% this morning. All together the stock is up more than 50% in 3 days. Seems like a good place to take profit if u don't like volatility since the stock can easily retrace 10-30% before continuing . But my target is 0.8-0.9
Interesting breakout in 1387 HK
its a bottom fish idea but there are couple of stories going on in that stock
1) rumor market makers of the stock are forced to liquidate position due to margin call
2) PM of atlantis fun, Liu Yang, reiterates she likes the stock and will continue to buy at these...
Im making this thread to update people on stocks that are breaking out in China. Let me know if you find it useful, otherwise I may stop doing this :)
Today 179 HK (Johnson Electric) having a nice breakout on 3x normal volume. The company makes micromotors used in cars and home appliances. The...
If you look at china's main index, the shanghai composite SHCOMP, you will not have made much money if you bot he index. the same goes for Hong kong's Hang Seng index.
Having said that, I am having one of my greatest quarter this year. The reason for that is because China and HK's indices are...
actually, what I do with stocks like SEFE and FONR is i wait for it to break its uptrend (usually trading below previous day's day low is a good indicator) and then I short it.
HOWEVER, it may be hard to find borrow in these small names.
Does anyone know which brokers are better for finding...