Negative sentiment

Last week, bought into the company MIDAS which supplies aluminium products in China. Few months back, the company is in hot demand by the investor. But due to a false report, which later being took down in one of China website, the share plunge heavily.

I thought buying it at a steep discount to the all time high make the risk worthwhile. However, looking at the closing price today which is something like 1.2+. Market obviously think otherwise.
Since the management has issued a firm denial and there is no concrete proof that the claim is correct. I would continue to hold the stock and looking forward to the bright future.

Maybe the hedge fund and short term player is bashing the stock down. When the stock goes up, everybody wants to buy. When it get beaten down, everybody wants to sell. Market is irrational.