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Very interesting... accidentally put in a limit order instead of a stop-loss and dumped my 17k shares and had to buy them back - only lost $0.03 per share but boy did it take a long time to fill - nearly 1 minute - noone is selling this thing...
I'm patient... sort of... Just curious how the big boys manage things...
Is this someone trying to temper enthusiasm and then pull out - or do people think round three is at the brink... Any 'rumors'?
Naked shorting and the float expands...
Naked shorting and the float expands...
Anybody want to summarize?
I think I just just whiplash...
This is his first point...
OK - my first call purchases ever - March 17.5 at 1.40.... wish me luck..
..
Quick question - does the option market open at the same time as the general market?
Wow. Really great letter.
I suggest that we write a basic email outlining what we expect further hits to be and post it on YMB, repeatedly bumping it up through the day and tomorrow - clearly this could prove counterproductive thus the arguments should be very cogent.. Thoughts?
Thanks!!! I'll take credit for that....
Nicely stated...
I just replied to Sangs blog with regards to his claims about the patents - my first unique findings in due diligence!!! (a nearly insignificant issue, I know, but hey - just trying to do my part)
let see how long it remains there...
Yes... Also I am checking his web references and he has linked "2006 State Technological Invention Award List" instead of the "National Science and Technology Award" with regards to the first award mentioned...
The correct website is here:
http://www.nosta.gov.cn/web/list.aspx?menuID=7&page_index=3
From what I can tell the 2006 results are not available... it starts at 2007... He has made a claim knowing that it cannot be easily refuted by searching the web...
Any comments from those who can read Chinese?
I am working on the second award stated in the claim...
Anyone want to tackle the less significant claim regarding the patents and awards...? I cant get the supposed English translation to load...
Same boat - just it bit farther ahead...
I think you are confused here and are simplifying matters (said respectfully) - although i dont entirely understand your hypothesis - there are many different groups here acting and not in concert... There was a massive exchange of shares - over $100m exchanged hands for shares and naked shorted shares alone and another $1+M in after hours... And there are reasons to sell this stock at times even if you believe in the company...
I thought these accounts had been verified by Global Hunter recently - although what exactly was verified remain unlear.... Anyone?
Certainly frustrating... But i would guess that this firm was absolutely besiged and was trying to sort things out with a country that was largely closed... I would imagine they were integral in what was doen - 2 press releases and updates of websitses all while to sort out claims made - Im waiting. To see what comes next...
Looks great - I would emphasize that this will significantly strengthen his and will generate substantially more value in than he has to dedicate as his company is getting HEAVY press and interest in the United States - far more than any other Chinese reverse merger...
I agree - I posted a large message about this earlier...
Perhaps those were AL's puts...
That sounds like the more appropriate category...
Any recommended brokers to get LEAPS? They dont have them on Fidelity...
Well... I have been chasing down James333 posts on YMB all morning as I was pretty sure there was just a witchunt going on here on iHub, but now it's quite clear to that this is Andrew Left - apologies if everyone else already figured this out...
Anyway, among myriad other things he takes a very moralizing tone, he is always justifying short dynamics in the stock market, and he appears to have a low tolerance for hostility directed towards him - to me this is clear evidence that he is frequently trying to ease his conscience and convince himself he is ethically justified, typical of a white collar criminal. Curiously, he mention other "antisocial" (ie. sociopathic) analysts/market writiers - he clearly doesnt see himself this way. Furthermore he is very well read with regards to Chinese stocks and history of fraud, yet fails to support any criticism by other posters of either his or the MW hit pieces despite clear and numerous evidence otherwise.
What clenched it for me is on 1/30/2010, 2 days prior to the Citron CCME hit piece he states on the Axion Power Int. YMB discussion board that he had just been reading an article on interoil fraud that had offered up important lessons - no doubt the one that had been written by Andrew Left.
I thought everyone here would appreciate this quote from his posting on YMB on Axion Power International Inc, which among other things suggests he got panicked and made his 'exit strategy'.... Or perhaps "appreciate" is not the word....
"I rarely short stocks. I think most of the big money to be made in the markets is buying and holding stocks long term. Shorting is very risky too, it can easily work against you; without an exit strategy your losses can be open ended and greater than your initial cost. Your money is tied up while you are waiting for a catalyst to move a stock down, some companies take a long time to drop, and the most you can ever make if you are lucky is 100% return, minus your margin account interest and fees. Whereas if you go long you have the chance of returning 100%, 200%, 300% or more on your investment. If you want to play it short, consider option trading such as puts. There is a place and function for short selling in the market, it does act as a counterbalance to keep valuations from getting out of hand, which can contribute to market crashes. Of course it also can be abused."
This should be passed on to the appropriate firms. And perhaps it's time for an open letter to Mr. Left on YMB??? What a pathetic human being.
HW
Thats a bit concerning...
Just posing a question to the board...
I don't understand what all the concern about prior knowledge of these hit pieces other than that they can potentially materially contribute to the dissemination of fraud depending on who and what was further disseminated... Aren't these articles all derived from outsider information and don't they have the right to tell whomever they want that they are writing an article... Certainly this is not a defense of their positions - I am just curious about the bounds of the law...
He's referring to articles that 'pump and dump' not short attacks...
I don't think so.
Does a squeeze like this tend to go on through monday, assuming CCME make a strong statement?
Anyone know the short interest?
Guess they start trading today - those will be interesting to watch...
Where can you find leaps? This is not on yahoo... Is it elsewhere?
Any thoughts on which way this is going baring another comment from CCME pre-market...
Is is time for short covering?
Its an anxious and hostile mess over there... People posting financial reports from the wrong company... WCTbills is keeping up the faith though...
Anybody know what the short interest was...?
Please erase this post as requested by 6979... This can easily get used as negative propaganda...