Noticed the significant sell down of shares from substantial...

Noticed the significant sell down of shares from substantial holder. If you have read my post in OCT, I would say, the price is heading down more.

AU8 is not the only Gaigou platform.
AU8 only has very very very small portion of daigou customers using their platform.
AU8 selling price to Gaigou is too much. I have cheaper options to buy from other business exactly like AU8, and cheaper.
Like AllFuelledUp said, AU8 didn't have the customer sticky base.

If AU8 can't resolve those issues, the prices only rise with news and goodwill, not the robust financial gains but the bubble will burst. Buying formula business? Geeeeez, money burner. Hope they got enough cash flow to survive until Chinese recognise their brand!

Long term view:
If no news from now, heading down.
If the formula business got a hit, could hike a bit, and you'd better run. ;-)
I only buy short, hold no more than 3 days or +- 5%. long term really depends on if the board really understand the daigou business and how they win daigou customers.