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Thursday, December 18, 2014

BYD: Sell-Off Storm

BYD (1211.HK) had its massive sell-off today, its stock listed in HK once dropped more than 40% to 18.7 HKD and recovered to 25 at close. Its Shanghai listing triggered 10% maximum loss limit.

However, company claimed business as usual and said the sell-off is for no reason. Market speculated the sell-off possible due to series of trading stop loss triggered. Good time to pick up?

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