Chinanet shares reached an incredible evaluation this month, from 1$ up to 4$. There are some positive news that probably had catalized this strong uptrend. First of all the company is in discussions for a partnership with Alibaba's online shopping unit Taobao. On September 22 ChinaNet Online Holdings announced that the company won the Best Company in Chinese...
Based on the literal description of Ponzi scheme... you can basically say that any IPO is a ponzi. The first in, get the biggest profits because they sell to the last in, that are the bagholders. Those millionaires and billionaires sure do thank you, the commoners, from the bottom of their greedy black hearts! 'Murica
Alibaba didn't disappoint the investors and gained about 38% in his first day. It is the greatest ipo in the history and all the news about it seem positive at the moment. Now it's difficult to predict the trend evolution but we can try to imagine a possible price range in which buy to go long for the short term. In my opinion this stock could touch his maximum...