short term not bad; another means the MM to shake off and wash stocks; long term no big impact; the company stock price at historical low, will sore up when industry recover from crsis

samqyang (Kingkong)
news mentioned 6 containerships got impacted and in total if true the company has 41 in total;
6/41 = 15% , not a big deal;

today after market down 0.60 (10.89%), if tomorrow open low and go down sharply to ~4.5,
chance to buy, already reach 15% by the news power ; not so much space down;

I see news oppsite way, maybe the MM just didn't get enough cheap chips but stock price already rocket up, find a way to scare people out and get some low chips, then do it again;

afterall, a small company with 44.32M shares , market cap so far 244M $, mind your risk short term; long term wise, risk low if survived; YMYD;
2009-9-23 -04:00
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