China MediaExpress Holdings, Inc. (fka CCME)

[Koufax]

It's a little early to declare victory. Remember, the stock was $1 higher a few days ago -- then it came under pressure as the shorts learned that a new MW piece was coming out, and they drove it to $10.50. They made a lot of money playing this game. They didn't lose, and they don't feel whipped.

We may pat ourselves on the back about what a pile of dog doo the MW report was, but longs are poorer for it and shorts are richer. Be prepared for more, right up to the 10K. Once that comes out, things may quiet down.