Short term swing.
It is being driven by speculators because it's a low float China stock. Went up too much in a short period of time, hence the big sell off. Also, this China tariff news probably spooked traders.
Net income is down 2 million, but general administrative expenses increased by a factor of 10. Plus, they are exploring the blockchain sector.
Like where it is on the fib also. has also decreased relative to yesterday's sell off
Only buying 1/2 because it is on the way down. Holding other 1/2 in case it goes lower so I can either bump out or get a better average.
Fidelity peer analysis also confirmed peers beaten down in same time, but earnings and growth solid.