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This counter is very volatile and it is a speculators' favourite. Many analysts including those at ML have buy rating on it. However, trade with care. It was at a high of $2.1 in a run up earlier this year and dropped to a low of $1.03 in a space of over one month. It is fun to play but do be nimble. Discipline to stop loss is very crucial.
It's dropping in line with other China stocks. The Shanghai index has also dropped almost 150 points since last week.
oH , sorry forgotten to add on this = most of china stocks performance rather disappointing too.
There's a sudden drop at this counter this morning. Any idea ?