don't get fool by them.. avoid this kind of risky stock from the time being..

Once this US fund stop dumping, it should stabilise. Less selling means back to normal value. Btw, the announcement of listing of land plot will also mean revenue and profit. Thats good news!

RTRS - SHANGHAI STOCK INDEX <.SSEC> DOWN 6 PCT ON RATE HIKE RUMOURS,
EXPECTED SUPPLY PRESSURE FROM IPOS (for Hong Kong stock market reports,
click [.HK]) SHANGHAI, June 27 (Reuters) - China's main stock index tumbled
more than 6 percent on Friday in response to rumours that the central bank
would hike interest rates as soon as this weekend to fight inflation. The
market was also hurt by news that the securities regulator would on Monday
consider a 10 billion yuan ($1.5 billion) IPO application by Everbright
Securities, and an 8.97 billion yuan IPO application by China South
Locomotive & Rolling Stock Corp. Regulators have said they will adjust the
timing of IPOs to reduce pressure on the market from new supplies of
shares. Their willingness to consider big IPOs at the present time, with
the market near 16-month lows, suggested to some investors that regulators
were not following through on this promise. Twenty-five minutes before the
close of trade, the Shanghai Composite Index <.SSEC> was down 6.13 percent
at 2,723.856 points in modest turnover. Oil refiner Sinopec <600028.SS> was
down 9.56 percent at 10.22 yuan, after the rise of global oil prices to new
record highs on Thursday threatened to hurt its refining margins further,
in addition to increasing inflation pressure in China. In the past ten days
the index has repeatedly tested and held on a closing basis chart support
at 2,723-2,732 points, the late February 2007 and March 2007 lows. But a
clean break of that support cannot be ruled out and could prompt a slide
near 2,500 points, analysts believe. ($1 = 6.86 yuan) (

In the booklet show:

PrevFY P&L RMB86.38,   Lasrest FY P&L -287.35,  Dn in $-373.73.

From the chart this counter is down trend since IPO never never  higher then IPO, low will go lower and when it move up few day it go lower then before, always break new low. :-(