ACM Research carries binary China risk: China is about 97% of its business, and authorities could stop it any day, forcing management to choose between San Jose and China. The CCP's threats toward other countries make that exposure uglier, whatever the company's $4B revenue ambition. x.com  x.com  x.com 

Inno Holdings is now under an SEC T12 trading halt over possible manipulation, and 99% of such halts end with the stock back below $1 or where it opened. The halt lasts at least 90 days and can run up to a year, freezing holders' funds the whole time. Even before it, the bear case was that this is a Chinese stock, a group known for large pump-and-dumps, with an offering ready that could crash the price. x.com  x.com