May. 29 at 3:52 PM
$CPHI The problem with many Chinese stocks is that they can drop 50% in a single day, even on good news as happened with
$NAMI. In the case of CPHI, it has already had several sharp spikes driven purely by speculation, even surpassing the price most people expected. Plus, they know there are a lot of retail traders waiting on news about the device, which could work against them. Although they’ve been announcing a structured business plan, that doesn’t necessarily mean the stock will go up quite the opposite could happen. Institutions might now want in at an even lower price. So be careful and adjust your stop loss.