China Hydroelectric Corp. (CHC)

[joenatural]

I went short at $2.73 this morning, as I can only LOL at the recent monster run-up because they sold an asset for $43 million. Well heck, they owe close to $300 million, so they sold the asset so they wouldn't have to immediately close the doors. That's NOT good news folks. This is a Chinese company that is (get this) dependant on rainfall. LOL. Their expected EPS for this year is .09 (LOL), but a negative -.05 for next year, assuming they even make it that long. The stock just saw a massive run upward on nothing good whatsoever other than stupid lemmings buying into the management change forced by large American shareholder who's stuck with a monster loss. Anyways, have a great day and I'm short as of this morning at $2.73