10 bagger-
I have gotton back into a few China smallcaps, but at a much lower % of my portflio than before. Shorts are smart, but they are also deceptive and extremely manipulative and cunning. So far with CCME, even though it looks bad, the claims by the shorts have still not been substantiated. My big question is, why wouldn't substantiation of the cash in the bank have been the first thing to be done by Deloitte, especially after the massive short attacks, and the 2009 clean 10K ? This question was actually asked on Yahoo by someone claiming to be an auditor working for a big 4 accounting firm. Also if CCME were a total fraud, why the 8K at all ?
The whole things smells to me. However I will submit I got greedy, and put too much in the stock. Bottom line is for now, the shorts control the China smallcap sector. However I hold open the possibility that CCME will not be delisted, and truth may come out surprising many. Of course as they say, hope springs eternal.
Wade