$Ashford Hospitality Trust (AHT.US)$ Ten shares in one share...
$Ashford Hospitality Trust(AHT.US$ Ten shares in one share is also not a high-quality asset. The previous stock price has been falling all the way, and there is no sign of an increase. What is most feared is that bookmakers use retail investors to refuse to sell stocks that have already lost money. After the joint stock, the bookmakers continued to kill and dilute stock prices, thus completing the plunder of capital from retail investors.
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Tcy91 : Wow, isn't it just over 18 yuan. Enough power
George Koh : Agreed. Reverse spilt is never good news to begin with. However at end of day, just like any other company if their fundamental cannot support their valuation. No institutional investors will consider.
But if it does and the technicals clearly point to extreme oversold and overshort territory at the current price point will only means extreme undervaluation. Ultimately the big fish will take notice and they will make their move.
Banker surely knows how to play our psychology. They make money by frightening retail investors to cut loss and sell him at basement price. Then push up the price and sell some fanciful stories for retail investors to buy back from him at ceiling price. That has always been their game