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+--- Thread: Price spike and drop (/showthread.php?tid=7535)
Price spike and drop - M1DD - 10-22-2014
Anyone have any idea what's the latest here?
RE: Price spike and drop - admin - 10-22-2014
I've not seen any news so it looks like something nefarious
RE: Price spike and drop - M1DD - 10-22-2014
'admin' pid='51088' datel Wrote:I've not seen any news so it looks like something nefarious
When is the 20-F expected/required?
RE: Price spike and drop - admin - 10-22-2014
Has someone watched what's happening on the options market? Any big changes there?
RE: Price spike and drop - SamAdams - 10-22-2014
The company has stated they intend to file the 20F by November 15th, which is the deadline for the first of a possible two six month extensions. I think there is anticipation the filing is imminent. The action today no doubt was a short attack and subsequent blow out of a lot of retail stop loss orders. This kind of attack was to be expected running into the actual filing - one last stand for the shorts.
RE: Price spike and drop - pwalk - 10-22-2014
latest rumor is several VPs in China office have quit...............gee, wonder who started that rumor?
RE: Price spike and drop - Mountainbiker - 10-22-2014
'SamAdams' pid='51094' datel Wrote:The company has stated they intend to file the 20F by November 15th, which is the deadline for the first of a possible two six month extensions. I think there is anticipation the filing is imminent. The action today no doubt was a short attack and subsequent blow out of a lot of retail stop loss orders. This kind of attack was to be expected running into the actual filing - one last stand for the shorts.
Trading pattern is very similar to a biotech company announcing the imminent clinical phase 3 results. Often you see big down ticks before the news release.
RE: Price spike and drop - Mountainbiker - 10-22-2014
'pwalk' pid='51095' datel Wrote:latest rumor is several VPs in China office have quit...............gee, wonder who started that rumor?
This will not have much effect, the last time the CFO quit, we went up....
RE: Price spike and drop - pwalk - 10-22-2014
The most bullish action this stock can make is closing at or close to break even. That would be fantastic.