For people spreading around the Sinic Holdings (2103.HK) chart, thinking it matters... it doesn't.
look at the price chart for the previous 9mos, and how it moved during covid. It has always had tiny official float and even lower actual float.
look at the price chart for the previous 9mos, and how it moved during covid. It has always had tiny official float and even lower actual float.
Sometimes stocks have that pattern. Then they don't.
It isn't the market realizing something all of a sudden. There was no real market.
It is almost always a holder unable to keep holding it up and a margin loan getting called with collateral sold.
It isn't the market realizing something all of a sudden. There was no real market.
It is almost always a holder unable to keep holding it up and a margin loan getting called with collateral sold.
https://twitter.com/bauhiniacapital/status/809683766872444930?s=20
I mean fer chrissakes... the stock 'traded' US$900k a day on its median day in the past year.
And that 6863 chart actually doesn't show the end. Not long after that it fell 85% in a day. Then stopped trading forever. Hasn't traded since AFAIK. But the chart before it fell was notable in the same way.
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