Did Anti-Corruption Campaign Lead To Plunge In Hanergy Shares?

Mark Melin

Published onMay 22, 2015

Updated on May 13, 2021

A Chinese-based solar company with a history of unusual trading activity that hard garnered a $39 billion valuation crashed in value Wednesday, erasing $19 billion in value. The crash comes shortly after Hanergy Thin Film Solar Group Ltd. Chairman Li Hejun boosted the size of his short exposure in the company he leads on the same day he adding long exposure. Speculation wask the price plunge might be related to an anti-corruption probe in China, a topic that was discussed in a recent hedge fund investment letter.

Table of Contents

Odd Hanergy long / short behavior precedes stock price plunge

Bloomberg reports that Li...

Login required to continue reading.

Setup a free account to get access to this article (no credit card required).

View Full Article

Already a member? Log in here

Mark Melin

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

Did Anti-Corruption Campaign Lead To Plunge In Hanergy Shares?

Odd Hanergy long / short behavior precedes stock price plunge

Login required to continue reading.

Get Your Business News