The bigger problem is the SEC can't contact the Chinese corporations as easily as they can their American counterpart. BUT if you look at when this "confidence in Chinese stocks, especially the RTO's" began it was right after one guy with a computer and a lot of flare gave a bad report on one stock Orient Paper. Almost all of the allegations were proven FALSE, but the damage had been done. The stock tumbled on rumor and lies, but this did not stop our hero to the investor. As he was quoted, "I am doing this for the investor." Yeah, and the investor's name was Carson Block. Then he went on to RINO, CCME, SINO-FOREST. These were very corrupt companies and needed to be weeded out. BUT Muddy Waters got too brazen and attempted to destroy Spreadtrum with his lies and allegations. When the truth came out, the brazen Carson Block, had to humbly say, "I may have misread the financials." But did this stop him, no, he was making tons of money selling short and went after another company Focus Media, which took a hit, but is coming back strong and fighting this hack. Once the shorts leave this sector, which it looks as if they are; we will see gains in these undervalued stocks that have been scrutinized by our SEC. If they don't dot the i's right, they are forced to give account why. I'm glad the SEC is looking into these companies, it will weed out the corrupt and those holding good companies will be very happy and prosperous...NO SECTOR stays down forever. Look at the banking industry, they've risen and fallen and are about to rise again. This of course is MY HONEST OPINION...
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