Well then Noah Education has the solution for you.
Rather than sit back and watch as it's stock price dipped, the executive team took action! After it's ADS's priced at $14, it opened it's first day of trading at $22.90 to meet it's seeminly high demand. But by yesterday's close the stock had dipped to below $17. So, what did management do?
Did they panic? Did they immediately short the stock? Did they dump their entire position? No, no and no. They immedediately chartered what in our own sick fantasy was a fully equipped private plane with plenty of green tea to cleanse the dirtiest of sinners (we should've flown with them.)
Destination you ask?
New York City. And not just anywhere in NYC, but the NYSE, where Noah's team greeted traders, specialists, the guy who hates the fact that he had to replace Grasso and all of the other big boards' movers and shakers.
Result? Stock finished up 23% for the day recovering yesterday's losses and then some.
Let this be a lesson to you Chinese companies out there soon to be listing on the NYSE: make nice with the good folks who walk daily on that treacherous cobblestone on Nassau Street. It might be in your best interest.
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