Saturday, 25 January 2014
XDL: To The Moon And Back
I'm not interested in XiDeLang, as China stocks listed in Malaysia seems too risky.
I know that recently there are some rights issue with many free warrants and bonus shares.
I'm aware that its share price has gone up 100% in one month time since its ex-date on 19 Dec 2013, even though its business seems to struggle for the past one year.
A China-based stock has finally "deservedly" traded at high PE?
Wait a minute, it is now back down to earth in 2 days, just before the listing date of new shares.
It's a costly lesson to learn for some.
This is yet another example of how fast things can turn against you in the stock market.