Latest news here :finance.yahoo.com/news/chinas-oct-factory-activity-returns-014907489.html
It is scary that the management overstate its revenue and profitability to fool the shareholders.....
To think that it is included in the S&P500 index would mean it has passed certain tests, but who knows......what goes up fast, came down just as fast ............
What to do if you are holding this stock ?
Personally, I would have lost faith in the management and getting another auditor would not solve the problem. How about replacing the CEO? This can happen but it would takes time to turn around........
I think the chances of it falling through the support at 26.68 is high and panicky retail investors would rush to offload ........
Please DYODD
It is scary that the management overstate its revenue and profitability to fool the shareholders.....
To think that it is included in the S&P500 index would mean it has passed certain tests, but who knows......what goes up fast, came down just as fast ............
What to do if you are holding this stock ?
Personally, I would have lost faith in the management and getting another auditor would not solve the problem. How about replacing the CEO? This can happen but it would takes time to turn around........
I think the chances of it falling through the support at 26.68 is high and panicky retail investors would rush to offload ........
Please DYODD
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