ONP, more comments:
I spoke to Julie Chen, Analyst at Hudson Securities today, here's the synopsis:
--she has never heard of Muddy Waters, LLC until this occurred. however, she mentioned that she has come across other organizations who have been targeting China stock with unsubstantiated allegations.
--She has called all of her larger clients to tell them that she is maintaining her Buy rating and $15 target for ONP.
--She is leaving for China tomorrow and plans to visit with ONP, among other companies. Even though she already feels good about her recent discussions with ONP mgmt, she will wait until her in-person visit to provide further details to her clients.
She appears pretty confident that this whole thing is a joke, which explains her decision to reach out to her clients.
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i will likely purchase ONP tomorrow on a pullback.