China MediaExpress Holdings, Inc. (fka CCME)

[iamlongdd]

Dang, I predicted 7.4 million in the short interest prediction contest but it turned out to be higher.

My reasoning for a way higher short interest is easy. After Citron and MW, you see an unprecedented avalanche of hit pieces from every single source imaginable. Message boards, blogs, seeking alpha authors, financial news reporter... basically everyone is jumping into the bandwagon and bashing CCME and of course at the same time, they are going to short the stock. It's hard not to join the crowd, because for those who have not done their DD on CCME, it's unheard of to see a stock getting bash by so many people, which by common sense imply that something is wrong with CCME (although common sense fails here).

To make it worse, the management has been relatively quiet during this period, and many takes this as an admission of guilt.

Anyway, now that the short interest is confirmed to be an astounding 7.57 million, I'll probably buy some deep out-of-the money calls next Monday.