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Trade Recaps ยท May 31, 2023 ยท 3 min read

Unveiling OHM: The IPO Darling Rocketing in the Chinese Stock Market

Unveiling OHM: The IPO Darling Rocketing in the Chinese Stock Market

๐ŸŽ‰๐Ÿ”ฅ It's time for our sizzling trading highlight of the week, folks! Meet OHM, the cool cousin of our old friend TOP, riding high on the wave of low float Chinese stocks. Based in Singapore, OHM is revolutionizing property transactions since 2016, turning heads in the retail investors community during a mega rally. ๐Ÿ ๐Ÿš€

IPO'd recently in March, OHM shot up like a rocket, soaring over 800% before nose-diving 90% from the summit, just like cousin TOP. ๐Ÿ“ˆโšก But OHM grabbed the limelight when real estate scams in shell companies were exposed, rattling the trading world of low float Chinese stocks and stinging retail investors. ๐Ÿ˜ฑ

Beware folks! The SEC has halted trading, stirring up a storm about the future of the Chinese stocks rally. So keep a sharp eye on the tech sector's EV and AI for some action. ๐Ÿ•ต๏ธโ€โ™€๏ธ๐ŸŒฉ๏ธ

Now, who remembers our buddy TOP? OHM's stepping up, drawing the attention of retail investors with news of expanding into the Philippines market. ๐ŸŒ OHM enjoyed a stunning rally, just like TOP, with a whopping 340% leap on day one, later rocketing past 800% at the week's start! ๐Ÿ’ธ๐Ÿš€

But the party ended when SEC unmasked manipulators of Cayman Islands real estate projects on TOP, suspending trading, and setting the stage for its delisting. Suddenly, OHM was in the spotlight, with headlines screaming warnings against scams in real estate shell companies. On Tuesday, just like TOP, OHM crashed 90% from the top, plunging from $57 to $5. ๐Ÿ“‰๐Ÿ’ฅ

The market's brimming with paper hands now, and the SEC's investigation might mark the end of the Chinese stocks rally. But hey, don't be blue! Look out for activity in subgroups of recent themes like the tech's EV and AI sector. ๐Ÿ‘€๐Ÿ”ฎ

OHM, with its micro float of 3.7M, is an IPO darling hyped by retail traders. It dances wildly on thin volume due to the delicate market condition, making every trade a gamble. With the potential for robust upside, always prioritize risk management with these volatile companies, because, let's face it, they can explode! ๐Ÿ’ฃ๐Ÿ’ฅ

Don't miss out on tracking OHM's journey or our analysis during our live premarket-prep morning show... These insights could be the golden keys to your next trade. ๐Ÿ”‘๐Ÿ”ฅ

Hat tips to our stars from an active week in healthcare, technology, financial, and energy: WISA, DRMA, TRVN, and MINM. They've created an opportunity this week for Gap up short, bounce shorts, Offerings, and IPO opportunities. ๐Ÿ‘๐Ÿš€

If you fancy trading these stocks, join our discord chat and check out our daily watchlist. Until next week, Happy Trading, folks! ๐ŸŽ‰๐Ÿ’ธ

๐Ÿ”— Join us on Discord: https://discord.gg/Y74bjEtdcW ๐Ÿ”—

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