The share price action in Chinese related names have been nothing less than abysmal, following disclosures of fraud in a slew of names. As a result, right or wrong, investors have been fleeing from anything related to China, fearing the books are being stir-fried.
The following names have posted 20% losses in share price over the past month.
SBAY -56%
SHZ -46%
CBEG -36%
HSFT -36%
CHGS -36%
CHBT -35%
FFHL -35%
CIIC -33%
AMCN -33%
SIHI -31%
UTA -30%
HEAT -29%
NOEC -28%
FUQI -28%
DANG -28%
CCSC -28%
BSPM -27%
CAAS -27%
CVVT -26%
SCEI -26%
AOB -26%
XING -25%
CISG -25%
CHLN -24%
OSN -24%
CIS -24%
GFRE -23%
SEED -22%
CHINA -22%
DEER -21.5%
TSTC -21%
KGJI -20%
ZNH -20%
There are dozens more with double digit losses. This is quite notable.
If you enjoy the content at iBankCoin, please follow us on Twitter
Some big money will be made long when this ends.
Goal would be simple: spot the non frauds and win
Agreed
I have a small HRBN position just for the $24 buyout. I think people are scared because it’s taking so long for the deal to go through. Those people selling have obviously never worked with a Chinese company. They don’t do anything fast.