I think we are in a holding pattern for now. The
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Posted On: 01/30/2018 5:19:26 PM
I think we are in a holding pattern for now.
There has been news of Wang's involvement in an entertainment based listing on the Hong Kong exchange. This would seem to fit in with a statement uncovered a while back of wanting to be listed on US, China and European exchanges in 2018.
There are also a couple new marketmakers that showed up on this stock, which is interesting and there has been some unusual volume and buying/selling activity happening. We know the float is getting thin and TD Ameritrade has shown the stock NTB or Not Available to Borrow for several weeks, this more than likely is a contributing factor to unusual price activity during heavier than average volume days.
Every day brings us closer to the Annual financials. My guess is that the stock will hover in this range until then or until a company announcement whichever comes first. We will know a lot more in 45 days or less. I have a solid position in this stock, but it's hard for me not to pick up a little more at these prices.
When there isn't new info available here don't forget about the "Board Information" section on the top center of the main page.
There has been news of Wang's involvement in an entertainment based listing on the Hong Kong exchange. This would seem to fit in with a statement uncovered a while back of wanting to be listed on US, China and European exchanges in 2018.
There are also a couple new marketmakers that showed up on this stock, which is interesting and there has been some unusual volume and buying/selling activity happening. We know the float is getting thin and TD Ameritrade has shown the stock NTB or Not Available to Borrow for several weeks, this more than likely is a contributing factor to unusual price activity during heavier than average volume days.
Every day brings us closer to the Annual financials. My guess is that the stock will hover in this range until then or until a company announcement whichever comes first. We will know a lot more in 45 days or less. I have a solid position in this stock, but it's hard for me not to pick up a little more at these prices.
When there isn't new info available here don't forget about the "Board Information" section on the top center of the main page.
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