A couple of things about EJH that will result in the the position going back up to a reasonable level of between $8-$12 in the near future. This is not going to be highly detailed but will give info that I think is relevant

1. All the downturn was on no news..or no news with the company. It just cratered. (To be clear my average position is $3.98) Why? Well it is a Chinese stock and had just had their IPO. Not the best environment. So why did it go down? Who sold?

2. The company is profitable, and is in a sector the Central Government is not that concerned about and for which there will be a huge need in China

3. While it is the simplest of analysis, the company jumps on huge volume.

What do I think happened? I think the stakeholders bailed when they saw the price go to the moon because they thought the Central Government would some how get involved or they just figured I can sell now and buy later on it. But I do think that since the stock has absolutely cratered there are extremely large positions being bought. Someone is buying up large blocks and look to be for the long term. I think there are a lot of holders on any bump are going to dump because they have been burned as well.

EJH screams $15 more than $1. Is it an overnight slam dunk? No but it will crawl back out as it continues to make money.
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