Qudian is an IPO that ended up being a scam.The Chinese online lender, have been all over the place since the company made its IPO in October. While shares initially spiked above $35 from its $24 IPO price, the stock now trades hands for less than $14 as of this writing.

Now I have a feeling this was a pump and dump scam. Those Orientals really are liquid with cash.

They chalk it up as bad luck. What a joke