Zhongmin Baihui -- soar and crash!

Zhongmin Baihui - new IPO, in Jan 2011 at 30 cents.

Have been in play and foreplay until shot up to 1.89.
Pretty sexciting to those who made a pile of money on this.

The trouble with such amazing multi-baggers is that they will crash: Now down 18%.

Was as low as 1.49 this morning, after Kim Eng imposed "Stock Trading Restrictions" on the stock. Tightly held stock. No analyst coverage.

Down another 9 % today = negative 15 cents, to $1.49.

Feel sorry for those caught in the super run-up. Hope no one in this forum was trapped.

r u the market maker? not capable of controling ZHONGMING BAIHUI. too disappointed!

It's pushed up artificially. Suddenly the big boys are not playing the stock == U see this morning by 945 am, only 20 lots traded. Hardly anyone in the queue to buy & sell.

ST article today was positive: Chairman & CFO are Singaporean -- cannot run away if there is any accounting problems.

What is funny is the article quoted director saying no. of shareholders rose from 264 in March to 398 in May.  "Here's the evidence that the stock has not been cornered."

LOL. This is simplistic. LOL. the 170 increase in shareholders could be just retail investors holding a few lots each. Got sucked into the buying frenzy?

Why director can give such simplistic statements? And how can ST reporter accept such statement? Why didn't query the director?