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10atious

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10atious

Re: loubigfish post# 745

Tuesday, 05/31/2011 5:39:43 PM

Tuesday, May 31, 2011 5:39:43 PM

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Hey "Lou", we just might be able to thank YONG for today's activities on the RTO's. I predicted that if just one RTO could make a comeback that "The Good RTO's" would reap its rewards.

http://www.bloomberg.com/news/2011-05-31/morgan-stanley-invests-in-short-sale-target-yongye-international.html?cmpid=yhoo

Quote from the article that caught my attention:

Morgan Stanley is offering a vote of confidence to a company whose stock was down 55 percent in 2011 through last week amid a hedge fund’s accusation that it manipulated earnings.


I don't own any YONG. This article indicates to me that Morgan Stanley is debunking a hedge funds reference to this company being a fraud. Maybe the banking industry is finally taking a stance against Hedge Funds shorting good companies. Like I believe they have done with ONP...
This may just be the turnaround we needed!

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