Low float Chinese is a high probability deal of being manipulate by insiders from one of their offices in Singapore or whatever place they are operating from. I avoid those as a plague. No weak fundamentals and outright fraud stops those from brazent manipulation, and they know the U.S. regulators can't touch them outside U.S.
I once had a client who would chide me for writing up names like this, essentially saying "that they were just too obvious" and that I should focus on more "real" and readily available names. Then I would be surprised at how few people actually looked for these "obvious" names, including him most of the time, so to keep things fun I try to throw one in every now and then.
Low float Chinese is a high probability deal of being manipulate by insiders from one of their offices in Singapore or whatever place they are operating from. I avoid those as a plague. No weak fundamentals and outright fraud stops those from brazent manipulation, and they know the U.S. regulators can't touch them outside U.S.
I once had a client who would chide me for writing up names like this, essentially saying "that they were just too obvious" and that I should focus on more "real" and readily available names. Then I would be surprised at how few people actually looked for these "obvious" names, including him most of the time, so to keep things fun I try to throw one in every now and then.
I total agree. Many abvious deals are being ignored more than people realize. Most don't read the Financials properly, including the supposed pros.
I have a bad history with Chines those. For me just not worth the risk.