'Kenji100' pid='51288' datel Wrote:I am very surprised to be honest that all the lies told by shorts have been shown to be false, yet the stock crashed from $11 to $9.3. In the coming weeks and months I have no doubt we will see over $20 again now with the clean 20-F, but still surprised shorts are winning the day.
I think Mountainbiker's reference to a "grind higher" is the apt outlook. It's been a horrible market in general and for Chinese ADRs in particular and so with that as a backdrop, along with lingering suspicion and high short interest it's perhaps no wonder the 20-F announcement is receiving a muted response from the market. I'm sure there are larger players on the sideline wating for the dust to settle and to see previously unannounced results and forward guidance before deciding whether to step in. We could still be looking at weeks and months before the stock resumes trading on fundamentals.