China MediaExpress Holdings, Inc. (fka CCME)

[fohshezee]

Over 500K+ new shares traded short today +~3K puts??

I would appreciate if someone could validate this for me, but based on my read of the daily short trading volume published by FINRA (link: http://regsho.finra.org/FNSQshvol20101014.txt) it appears as though 185K shares (or 35% of the 527K shares traded within FINRA's universe) were traded short today. Assuming the FINRA sample of 527K represents ~33% of the 1.5M shares traded today, one could extrapolate that over 500K shares were traded short today.

Also, almost 3K new puts (mostly $10.00 and $12.50 strikes in Nov and Dec) were opened today. One would think that the shorts would be covering, not increasing their exposure.

I have a long position in this stock, but when everyone jumps onto the long bandwagon, I get a little worried.

I also just did a quick review of the company's most recent quarterly financials (vs. prior quarters) and the numbers are too good to be true..... Can someone name one company, let alone many, that have a 70%+ EBITDA margin, growing revenue at 150%+... with flat capex and working capital.... ??

Then I got to the AR Days Oustanding and got even more worried.... .35 days!??? That's aggressive in the U.S.... in China, that is unheard of...


Thoughts?