BestWorld Plunge : Business Times' scathing indictment appeared 3 days after we sold

Just 3 days ago, we discussed about Best World  , suggesting that it was starting to show signs of the final blowout of the distribution process and the advice was to sell into this strength.

https://finchartsniper.blogspot.com/2019/02/bestworld-toppish-looks-like-game-over.html

True to form, today, BestWorld shares plunged from $3.25 yesterday to $2.71 today before it was halted . What happened ? See below Biz times article

This fall was apparently was attributed to an article in Business Times today giving a damning indictment of BestWorld sales revenue in China where BT did some channel checks and found BestWorld has a very insignificant presence in China  despite BestWorld management claims to the contrary.

https://www.businesstimes.com.sg/companies-markets/sales-of-drs-secret-in-china-best-worlds-best-kept-secret

I strongly advise  not to touch this stock with a ten foot pole even as the price plunges some more to hit some attractive demand zone as i believe it would ,  as I believe further down the line, more channel checks by other interested due diligence parties may unearth a bigger can of worms.

BestWorld toppish , sell into strength

BestWorld looks toppish , looks like distribution & shorting is completed  , sell into strength

recall we had a buy call, just before the breakout,  back in 23 Oct 2018
 https://finchartsniper.blogspot.com/2018/10/bestworld-accumulation-is-completed.html

BestWorld accumulation is completed, poised for breakout .

 BestWorld accumulation is completed over the last 6 months ,  ...poised for a breakout .