Who Let The Bears Out

ChiNext broke to a new post-peak intraday low on Friday. Yesterday was a closing low. Fudging the limit down to about a 9.9% drop, there are over 1000 shares limit down right now on the Shanghai exchange.

So much for hiding at the bottom of the bottle, Luzhou Laojiao rapidly collapsed with the rest of the market once the selling accelerated.

Here are some stocks I highlighted in Chinese Price to Earnings Ratios; 5800 Times Earnings for Blankets, Only 275 Times For Internet Video only two weeks ago. The charts below show the performance since than June 19 post.