Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Price spike and drop
#1

Anyone have any idea what's the latest here?

Reply

#2
I've not seen any news so it looks like something nefarious
Reply

#3

'admin' pid='51088' datel Wrote:I've not seen any news so it looks like something nefarious

When is the 20-F expected/required?

Reply

#4
Has someone watched what's happening on the options market? Any big changes there?
Reply

#5

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.

Reply

#6
latest rumor is several VPs in China office have quit...............gee, wonder who started that rumor?
Reply

#7

'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.

Reply

#8

'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....

Reply

#9
The most bullish action this stock can make is closing at or close to break even. That would be fantastic.
Reply



Forum Jump:


Users browsing this thread: 1 Guest(s)