Sino-Global Shipping America (SINO)

[value1008]

SINO has been on the Reg SHO list for at least several days (i only checked a few days ago), indicating that it has been naked shorted by MMs or some hedge fund or both.

http://www.nasdaqtrader.com/trader.aspx?id=regshothreshold

The very fact that Cramer's TheStreet.com follows SINO has always spooked me a little bit since i started following SINO, since a notorious cabal of naked shortsellers has always been associated with TheStreet.com. So they may write some positive things about SINO after earnings or partnership news, but then the naked shorts go to work on making sure they can easily profit on the sell-offs they cause.

I think this is why SINO has sold off hard after its three or four spikes since last Nov. When guys like Researcher59 report that there are no more shares to short at IB and other brokerages, but the selling is still relentless, it's not just profit-taking at work.

But SINO's new prominent biz segment (logistical services) and relationship with COSCO give us the prospect of some remarkable earnings going forward, which should eventually flush out the shortsellers, even the corrupt naked shorters. And then, with the likely prospect of a few analysts stepping up to cover the company, this stock will at some point begin to be valued more fairly.

I'm holding until then.