VIT: bot some VIT here before CFO's meeting with Wedge Partners tomorrow. stock is very beaten down, and has approx 30% of shares short. hoping to see short squeeze, possibly starting at eod today.

HOGS: citi raises ests and raises target price to $50

SPRD: i'm inclined to agree. he has always been persistent and on-target, and i'm not going to bet against him at this point.

SPRD: based on carson interview with bloomberg this morning, he is waiting for a response from SPRD before he makes his next move.

SPRD: i'm hoping there wont be much of a pullback. lots of analysts have come out and defended it, with bullish price targets in 25-30 area. would not be surprised to hear more analyst commentary in response to latest carson commments. additionally, stocks targeted by muddy waters/citron/etc tend to drift lower in weeks preceding hit piece, from leaked info i suppose. assuming no more shenanigans from carson et al, this *could* see 17's or higher in next few weeks.

VIT: opco might have beaten muddy waters' to the punch on this one. they have been suspiciously quiet of late.

CHU: agreed, i didnt short either.

CHU: agreed. this stock was headed down even without the fraud report. It has a PE of 112. BIDU, for comparison, has a PE of 75.

CHU: news svc i subscribe to just said the following: "Accounting irregularities, fraud. Overnight we found and read through the CGAA (China General Administration of Audit) report that showed there are problems with their CHU's financial reports from 2009. We believe that there are significant issues and as investors dig in, the mindset around China companies with questionable accounting will really hurt the stock. (WEDGE)

AGREED.

VIT: hearing rumors about VIT as next target for hit piece. put volume increasing, but no idea.

LFT: hedgies used this morning's conference call to unload more shares.

SCEI: no shares avail at IB. however, there are still shares avail to short for LFT

I'm with you on LFT short. appears headed lower. good luck.

LFT: big volume drop today. skier1 may be onto something here

FSIN: briefing.com reported that a newsletter "highlighted 10-K risk", but did not mention muddy waters specifically

wow, that's some serious chutzpah. :)

that's right folks, it's now time to jump on the YONG bandwagon and ride it to incredible riches!

reasonable and prudent folks on this board will likely take this opportunity to re-evaluate whose advice they should follow (in addition to doing their own dd), and hopefully pay attention to posters who have been bashed repeatedly for providing credible advice, instead of those who line their pockets on the backs of their followers.

CCME: aanounces resignation of independent auditor and CFO, effective immediately; Q4 earnings and 10K to be delayed
(briefing.com)

CCME (from briefing.com):

"CCME shares seeing a bid here; there have been a ton of rumors ever since the muddy waters report a few weeks ago; latest is suggesting a Chinese advertising co is looking to take a stake; no filing yet but said to be on the way; we would wait and see (13.17 + .16)"

CCME: we will probably see more articles over the long weekend, and i think they will be mostly favorable. Citron is helping folks better understand how undervalued this company really is, and it
never hurts to be mentioned in the same sentence as BIDU.

had a nice reply queued up for you, but gave myself a cooling off period, and thought better of it. :)

not worth either of our time. let's stick to unbiased discussion about stocks.

CCME: better check my past posts before making knee-jerk, biased comments. i have never shorted this stock, but i try not to wear rose-colored glasses like you, mate.

are you the one who slammed mr. pearson's article?

CCME: latest comment from briefing.com:

"China MediaExpress: Stock seeing a bounce as traders review the latest commment; hearing the co did reaffirm their position on CCME but in disclosure statement firm is saying that they have covered their short positions (14.36 +1.69)"

CCME: MW response out now:

Muddy Waters, LLC has reviewed the report on China MediaExpress Holdings Inc. (NASDAQ: CCME) issued today by Ping Luo (of Global Hunter Securities), as well as the February 7, 2011 open letter from CCME chairman Zheng Cheng (http://www.ccme.tv/eng/ir/ceo_letter.pdf). The report and letter are responses to our February 3, 2011 report, CCME: Taking the Short Bus to Profits.

Ms. Luo and Mr. Cheng’s documents contain gross misstatements of facts that are material to the investment case in favor of CCME. Muddy Waters, LLC intends to respond to these misstatements with evidence of the inaccuracies within a reasonable time period.

We reiterate our Strong Sell rating on CCME, and stand by our conclusion that CCME management is significantly inflating its revenue and earnings in order to generate management earn-outs and inflate the stock price so insiders can sell.

We intend to shortly contact CCME’s auditor, Deloitte & Touche LLP, and the enforcement division of the Securities and Exchange Commission with documentation of our work, including evidence that directly contradicts statements in the aforementioned documents. Such evidence will include transcripts of meetings and telephone conversations between Muddy Waters, LLC and individuals with authoritative knowledge of the matters in contention.

CCME: yes, will be interesting to see what impact their attacks will have moving forward. i agree that it should be less.

CCME: tis true, sometimes they walk away. other times, they keep coming (see CHBT and Citron). this case feels different, however. given all the coverage, i think china fraud allegations have come to a head with CCME, and there will be more battling ahead. Additionally, probability of a response is much higher when you're being attacked from 3 different enemies.

take a moment and put yourself in MW, Citron, or Bronte's shoes. would you give up at this point, when your reputation, your business, and potential litigation is on the line? i sure wouldnt--i would go down fighting.

CCME: we will hear from Citron, Bronte, MW, or all of the above in due time. i sold some of my CCME shares this morning, in anticipation of a response and possibly more allegations from these chumps. believe it or not, outside of this board these folks have reputations that they will fight hard to protect.

CAST: fly on the wall reported this earlier, and here's briefing.com's blurb:

"ChinaCast Education drops over $0.50 off the open on negative newsletter mention (6.00 -0.70)"

CAST: fly on the wall reported this earlier, and here's briefing.com's blurb:

"ChinaCast Education drops over $0.50 off the open on negative newsletter mention (6.00 -0.70)"

CCME: i was too afraid to say it, given the harsh comments other folks have received for speaking their minds on this board. but i agree completely.

i don't believe CCME is a fraud, but not sure it matters at this point, the damage is done. RP made some good points in this article.

agreed. i dont think it's a coincidence that this board has quieted down in parallel with CCME's fall. i think there were a lot of folks who were over-invested in CCME and are now in financial disarray.

CCME: sorry, didnt see this article posted anywhere on this site.

CCME: latest article from short seller: http://seekingalpha.com/article/252032-china-mediaexpress-the-most-polarizing-stock-in-the-world?source=qp_investment_views

rare earths: MCP prices secondary at $50/share

rato is one of the few guys on this board who is truly objective, asks the hard questions, and is not drinking the kool-aid. i pay attention to--and profit from--his remarks, both optimistic and cautionary.

CCME, another hit piece: http://seekingalpha.com/article/251253-red-flags-at-china-mediaexpress-significantly-mismatched-filings-in-china-u-s?source=yahoo

CCME: eerily quiet in here. i sold mine this morning, will look to get back in once the dust settles.

CCME: yes, any stock that falls this much in 2 days will be avoided by technical and conservative traders until it can build another solid base. from a technical perspective, CCME is a mess. regardless, i started buying it again today and will continue to add as it stabilizes.

CCME: comments from Gilmo report on weds night below (before release of MW report) while the stock was at approx 17. Obviously from a technical standpoint, he does not like CCME, but interesting to note his thoughts on whether fraud exists based on his own due diligence:

One of the most interesting news-related situations this week was China MediaExpress (CCME), which I discussed in my report of this past weekend. CCME came under fire from a couple of blogs where the company was proclaimed a “fraud” that does not even exist. This of course sent the stock careening to the downside where it finally found some support back at its 50-day moving average. However, as I indicated in my report over the weekend, CCME’s breakout last week came from a flawed cup-with-handle, as was quite evident on the weekly chart included with that discussion. I get emails asking for my opinion on this, but the fact is I
have none. The base breakout was flawed, and I have not reconsidered the stock since then. However, if this news proves to be just so much baloney, then I would simply watch for the stock to set up again, this time with a much sounder handle. This may take a fair bit of time given the technical damage in the stock over the past few days, but the fact that it cannot hold
its 10-week (50-day) moving average here is not a good sign. The bottom line for you to take heed of is that for now this stock is not in play, and it is best simply left alone.

CCME will garner more interest from the big boys once it gets back above 20. many mutual funds avoid "teenager stocks".