Asiainfo… Dis-Info? (ASIA)

Posted in General 
May 13th, 2010

Asiainfo Holdings Inc. (NASDAQ: ASIA) started out ok today, but then things got worse.  And worse.  On no real news dissemination this stock is down 8.2% at $22.18 today and the intra-day trading range is $21.90 to $24.38.  The 52-week range is $15.30 to $32.60.

At 3:00 PM EST we have now crossed the 2 million shares mark, making this double normal volume and then some versus 836K on average for a full day.  This is one of those stocks that rarely if ever makes for a volume spike alert.

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