Watch out..global shorters will operate actively these few weeks feeding on fears on China. They'll target companies that have gone up significantly with very high PE ratios like A2M. USA markets didn't believe China's fake rebounce last Friday and dropped consequently. China currency can't be propped up much longer. At current rate of 110bil per month (and accelerating) to defend it, China's war chest will run out faster than Saudi(currently suffering from oil price)! As China's currency fall, capital outflow from China will accelerate and cause panic across the world. The high Chinese debt will make the situation worse...
A2M's 723M share liquidity also makes it a perfect target to short for traders.
A2M Price at posting:
$1.66 Sentiment: Sell Disclosure: Not Held
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