There was a rumor that JMEI was caught selling fake products through its website. Do you realize how abundantly ridiculous it is to sell this stock for that reason? How many times have we heard AMZN or EBAY being accused of selling counterfeits, ripping off Joe Shmoe for the hell of it. Did that stop the upward surge of those stocks? Naturally, because it’s a chinese company, everyone panics out and assumes the worst. People like that should be flayed and roasted over hot coals (no Hannibal).
JMEI is a buy; but the market is heading towards a trough. I believe we will reach an oversold point soon, at which point you’d be wise to start buying aggressively. As always, The PPT will be my guide.
Until then, raising cash on profitable trades might be a good idea.
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SOXL the play
Would you let your friends buy KNDI? Cup & handle forming …Exploding sales, but allegations that the company is selling battery packs at a loss to JV…next NQ?
Gov’t employee 401Ks limited to handful of choices like S&P 500 or Wilshire 4500. Where do you see SPX in two weeks (asking for brother)?
If you want fake go to Chinatown in NYC (but know where the wallet is all of the time).
One time when I was there an old Chinese lady was in a wheelchair (fake no doubt) and I saw her with a phone talking to her partners on the next block warning them about cops coming down towards them.
Another losing pick…Buy GPRE…for beta PEIX
GRDZF!
It seems like people are throwing cow shit at the barn to see what sticks.
The farmer! don’t forget the farmer.
oversold????? we’re .2% off alltime highs.
LMAO
do not mock the power of the ppt!
It’s not based off how far the market is from the highs.
It is my design.
ok. Keep making things up in your mind. Called confirmation bias
are you trying to be ironic?
“Naturally, because it’s a chinese company, everyone panics out and assumes the worst.” Yep because they are wrought with fraud…..well much more fraud that the usual publicly traded company.
Shame on you for pumping these crap companies.
TCEHY & VIPS = chinese quarity companies.