Will BYD COMPANY LTD H SHARES (BYDDF) Run Out of Steam Soon?
November 27, 2017 – By Nellie Frank
The stock price of BYD COMPANY LTD H SHARES (OTCMKTS:BYDDF) recorded $0.03 in recent trading, touching $5.49 and getting interest from avid investors. It’s the latest price, but let’s analyze how the stock has been doing recently. In the past year, BYD COMPANY LTD H SHARES’s stock was 39.00 %. According to the short interest report published recently, (BYDDF) had 12.94 million shorted shares for 63.2 days to cover. The prior short interest was 13.26 million for a $-2.41 change. The 52-Week High and Low are noted here. -47.81 % (High), 6.60 %, (Low). The stock had 204,900 average volume.
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When moving into land of penny stock trading, one must determine whether the risk-reward ratio is favorable. Penny stocks can be tremendously attractive. Hollywood often shows selling or trading stocks being easy and fun, with millions of dollars earned as profits. It’s important to identify that there is considerable risk involved when putting money in penny stocks. The risks list include market volatility, getting stuck with fake shell firms created for the only objective of the ‘pump and dump’. For those who are not aware with the term, pump and dump happens where brokers promote the equity until prices rise, then sell the stock, leaving novice investors to bear the loss.
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It is a common thing to get caught up in the excitement of penny stock email bulletins. Though the circulars are a helpful means to get ideas, wise investors still perform due diligence on interested stocks. Some penny stock circulars show a disclaimer at the bottom that states something like ‘We are not market advisors, we’ve got compensation and we may have this stock in our portfolio.’ Further study must be carried out to find out if a firm actually has businesses or is simply a home office.
Many a times, when a promotional plan is designed, there are big shareholders offloading shares they might have bought long ago, waiting for an opportunity to recoup their investments. It never indicates that these firms termed as ‘fake’ aren’t good options for short-term trading. If you have disposable money that you can put in use to make a quick trade, what a firm does is less significant than recording a win on a trade. In such a scenario, things like stock promotions are advantageous for shareholders as they throw more light on a dark or defunct firm.
Look at a promotion last year of Cynk Technology (CYNK), which surged all the way to $21.95 from low of 6 cents. The firm itself had very little to deliver as far as fundamentals or operations are concerned, and its shares price was purely led by trading activity.
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More notable recent BYD COMPANY LTD (OTCMKTS:BYDDF) news were published by: Seekingalpha.com which released: “BYD: Investing In The EV Trend” on November 21, 2017, also Seekingalpha.com with their article: “BYD Wins Hometown Business” published on September 06, 2017, Seekingalpha.com published: “E-Trucks Set To Be Another Revenue Driver For BYD” on November 14, 2017. More interesting news about BYD COMPANY LTD (OTCMKTS:BYDDF) were released by: Reuters.com and their article: “China automaker BYD sees 2017 profit down as much as 20 percent, shares fall” published on October 30, 2017 as well as Reuters.com‘s news article titled: “Hong Kong shares fall, shrug off robust China industrial profits” with publication date: November 27, 2017.
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