A few months ago, a tiny Chinese company (that trades on Nasdaq and is part of the Russell 2000) soared 4,500% and then crashed after Bloomberg reported on the 'surprisingly' strong debut. Well, it's happening again... Wins Finance Holdings has exploded 1000% in the last few days and nobody knows why.
No, this is not a Bitcoin-related entity... The company’s market value later tumbled by billions of dollars after Bloomberg reported in March on the mystery.
Last Thursday, the company was worth around $400 million.
On Wednesday, it had a market capitalization of more than $4 billion.
Counting on Correlation
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FEEDOne of my more painful members as a trader was from many years ago, in
which I had been aggressively bearish against the Chinese market. I forget
the p...
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