The shorts realized that the gig is finally up. The message board at Yahoo is going nuts too. Everyone is debunking Muddy Waters now. Carson Block and some helper of his (if not himself) named Waldo even tried to post more garbage today but everyone quickly rebutted it and badly too.
The people at yahoo not only discovered 20 other websites to Carson Block's name with similar methods of bashing small Chinese companies, but also found out that the research company he supposedly worked for (WAB, which he himself names in his report) is actually the address to his dads house - a small condo in California. It's pretty sad actually....they found his email address and everything.
Either way, earnings next week is going to be huge for the stock!! Deloittes, the company doing the investigation might even release some preliminary results which could easily send this right back to 9 or 10 once Roth and the other credible research companies get back on.
At first I was really angry at Muddy Waters, but to be honest, now I'm actually glad all this happened. It's such a huge opportunity. Mohnish Pabrai wrote about these high uncertainty, low risk chances we sometimes get and how they are the most profitable opportunities of all when certainty is restored. This is a prime example of one of those situations.
Good luck to all!!
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