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We're due for a Run!...imo
The War Over Chinese Stocks in North America
Short sellers are targeting Chinese companies that trade in North America, bringing down share prices and drawing lawsuits
By Dune Lawrence, James Sterngold, Nikolaj Gammeltoft and Zijing Wu
Investing June 16, 2011, 5:00PM EST
Chinese stocks trading in the U.S. and Canada have become a prime target for short sellers who sniff out suspicious financial statements--and hope to profit from declines in the companies' stock prices. Investors including John Paulson and Hank Greenberg have lost money on Chinese stocks that fell after questions were raised about them.
Carson C. Block, 35, who says he passed his broker's exam when he was 19 and moved to Shanghai after graduating from the University of Southern California in 1998, founded Muddy Waters Research to scrutinize Chinese companies. He made a splash with a Feb. 3 report claiming that China MediaExpress Holdings (CCME), a Hong Kong-based provider of advertising on buses in China, manipulated financial statements. The company denies the allegations. C.V. Starr, run by former AIG (AIG) Chairman Greenberg, owned 8 percent of China MediaExpress shares, which slid 88 percent from Feb. 2 through June 14 and have been delisted from Nasdaq (NDAQ). C.V. Starr did not respond to requests for comment. Sino-Forest, an operator of timber plantations, plunged 71 percent after Muddy Waters called the company a "Ponzi scheme" in a June 2 report and said it was betting against the shares, which trade in Toronto. Hedge fund Paulson & Co. owns about 24.4 million Sino-Forest shares, according to Bloomberg calculations based on information from a June 3 Paulson investor letter and a person familiar with the fund. That means Paulson may have lost about $300 million on Sino-Forest from June 1, the day before the Muddy Waters report was released, to June 14. In the letter, Paulson & Co., which made $15 billion in 2007 betting against subprime mortgages, said it was investigating the charges.
etc
http://www.businessweek.com/magazine/content/11_26/b4234052635513.htm
I think someone wanted that report to be done for inducing Short selling of the stock...imo
Re-bounce in the way ...imo
Someone is ready for something!
10000 shares worth! Thump Up!
The SNOFF's board is dead?
Wasup! This stock look like a good opportunity.. imo
Why it's not trading today?
Hear Hear!
There're still some out there not manipulation stock...imo
Hear hear (Wikipedia):
...Hear, hear is an expression used as a short repeated form of hear ye and hear him. It represents a listener's agreement with the point being made by a speaker.
It was originally an imperative for directing attention to speakers, and has since been used, according to the Oxford English Dictionary, as "the regular form of cheering in the House of Commons", with many purposes depending on the intonation of its user. It is often incorrectly spelled "here here", especially on websites...
I did use a stop losses in penny stock once, and I saw on level 2, MM taking it down to my price(stop loss)and rebounce right away..
I got my lesson that day
I got to ask, what's a massive FTD?
thanks
Great action today!
j/k
Ya SNDY very interesting
and the other one too
S and H and A and R
Well, too bad I don't have more available fund, I sure would buy some in this one and some in another I'm watching
If they always hit the bid, they adding to the float slowly..imo
I feel a Run it just around the corner...imo
Voting Power
Richard Tuch is the record owner of 5,000,000 shares of Issuer common stock and Dr. Tuch beneficially owns 5,000,000 shares of
Issuer common stock or 7.7% of the outstanding shares.
(Voting Power)
Well the O/S hasn't change dated June 14, 2011
64,957,710 shares
DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT
June 14, 2011
They showing that MM bought over 3 million share in the last 60 Days
(c) Transactions within the Past 60 Days
The following lots of shares has been purchased in the last 60
days:
DATE #SHARES PURCHASED PURCHASE PRICE/SHARE BROKERAGE
ACCT.
1. 6/21/11 400,000 shares .0085 Charles Schwab
2. 6/19/11 350,000 shares .0135 Merrill Lynch
3. 6/14/11 850,000 shares .0054 Merrill Lynch
------------------------------------------------------------------------------
-------------------------------------------------
3. 6/20/11 50,000 shares .0095 Charles Schwab
4. 6/17/11 49,900 shares .0148 Charles Schwab
5. 6/16/11 30,000 shares .0155 Charles Schwab
35,712 shares .0155 Charles Schwab
100 shares .018 Charles Schwab
34,288 shares .018 Charles Schwab
6. 6/14/11 500,000 shares .0028 Charles Schwab
7. 6/3/11 300,000 shares .0022 Charles Schwab
------------------------------------------------------------------------------
-------------------------------------------------
8. 5/10/11 50,000 shares .004 Charles Schwab
100,000 .0045 Charles Schwab
9. 5/4/11 150,000 .0055 Charles Schwab
100,000 .005 Charles Schwab
------------------------------------------------------------------------------
-------------------------------------------------
TOTAL 3,000,000
[\quote]
Flippers are playing for Pizza and Beers! imo
Congrat for those who got in at cheapest price! I see a massive run ahead...imo
To bad I'm busy with another stock, i would have bet my money on this one..
imo
Was the MM short selling or naked short selling all day?
Anybody left in this stock?
I'm waiting for 0.02, then I'll buy a crap load..
Uptrend will be confirme
imo
Nice Call!
WTF? lol Congrat!
Well, I shouldn't say "for sure"...
Penny stock are sometime unpredictable
imo
Is this good or bad?
There's no dilution in this one, that's for sure..
Not moving to much
imo
Holy S**t.. Major dumping going on..
imo
If my calculation is right
pre-split 0.0001 a share
after split was suppose to open @ 0.10 share with 2.9 million share
since they add to the float , up to 152 million divide that by 2.9 million, that's divider of 52.4137
so 0.10 a share (after pre-split) divide by 52.4137(after the extra share added) that's a average of 0.0019 a share that it should be worth..
imo
Not here to bash, but with a good PR this should bounce if they don't add more to the Float
imo
UBSS with 9,999 sell order and if I'm not mistaken it's X 1000 ?
Chart available now at
http://stockcharts.com/h-sc/ui?s=MSOA&p=D&b=5&g=0&id=p84466332210
Only 2 possible scenario here
1- Pre-spit wasn't converted and still trading around = Possibly why the big volume on 2 day in a row = Some shareholders will make a lot of money when the short covering start
or
2- The company is dumping the hell out of it = Shareholder going to be Screw..
imo ...
Good or bad for shareholder?
Could be the next big runner!
LOL a $23 sell
Hell Yeah!
imo
Short Squeeze in the work!!!
imo
Yeah! Rock 'n Roll