Yixin Group went LIVE at 9:30am earlier in the morning. It was a disappointment as the stock tanked before the closing of the gray market. Fundamentally it's a good stock but pundits did not believe it would be another China Literature frenzy where it gap up and ran 100% and hence the stock opened at 10.00 below the closing price of10.96 in the gray market. For the whole day, the stock suffered selling continuously where the sellers were very relentless and fast in their selling speed. There was some mini rebound but it was short lived and the stock closed day low. It was a disappointment but I believe it's going to come back very soon with a strong rebound. Let's see.
https://www.cnbc.com/2017/11/08/tencent-china-literature-stock-surges-as-much-as-100-percent-in-debut.html
https://www.bloomberg.com/gadfly/articles/2017-11-13/how-to-make-90-000-a-day-in-hong-kong-s-ipo-cash-machine
Ronald K - A Game Changer
