$KHGT crushes shareholders for a second day in a row. Strangely this stock hit both a 52-week high and low in only two days. Seems that the run up yesterday could have been a trap for hungry bulls, which were then force fed a surplus of shares in an effort to "average down".
An upcoming reverse split will likely add additional pain. Shareholders will likely have to choose between going long (being a bagholder) or taking a haircut before the new shares are free for selling. :-(
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