China MediaExpress Holdings, Inc. (fka CCME)

[otatais]

Selling naked calls seems truly stupid.
The downside for shorts is potentially unlimited. Longs selling puts at least only have $10 downside if the stock goes to $3.
The company already has a clean 2009 Deloittes audited 10K. So why will 2010 be any less clean, especially this late in the peice?
However I don't think selling calls is the sort of activity a retail short would engage in.
Thus if it is large hedge funds you really do have to wonder
'what they have'.
I ownned DNDN, through a totally inexplicable and virtually unprecedented rejection by the FDA - of an expert committee recommendation for approval - only to later find out the full extent of the short plot malfeasance.
I wonder if there is some underhand plan here to trip up CCME even after a clean 10K.
I'm holding long through the 10K but wary that CCME may be a much longer hold than expected just as DNDN became, before it got it's just recognition.
With DNDN organised large shorts had no compunction denying dying men a life extending drug,which ultimately caused many unnecesary premature deaths. Sick. Call it Carson Block greed.
Don't sell naked puts unless you have the cash to buy the potential stock assignment.