No one else is covering this, so I might as well.
There is nothing moving faster than these micro cap Chinese stocks now. The reasons for the explosion is nondescript, seemingly out of nowhere, and without cause. If I was forced to guess, I’d say this is some sort of scheme chalked up in Beijing in an effort to inflate prices of beaten down ADRs.
Here are some Chinese lotto winners.
And about a dozen more up more than 5%.
If you’re playing these, remember these stocks are illiquid and likely scams. What you’re seeing now isn’t material, only fashionable.If you enjoy the content at iBankCoin, please follow us on Twitter