Replies to post #51009 on China Growth Stocks

[value1008]

Yes, TF and Joe, i noticed Joe's little rant over there at S.Alpha.

What's really irksome is John Bird/Waldo now presuming that CCME and several other companies are "frauds" ("Dead men walking" as he has elsewhere termed it) without advancing ANY significant evidence.

Gee, it's so easy (and corrupt) to be a short-seller.... Just walk onto a discussion board and starting dropping phrases like "fraud," "Enron," "scam," "SAIC and SEC don't match," "reverse merger," etc., and you can get the stockprice to drop 25-50% to profit on your short position.

No d.d. needed, just show up and start blabbing, and after enough verbal diarrhea, you've shifted the collective perception over to FUD (fear, uncertainty, doubt).

It's like the right-wing anti-environmental greedy Koch brothers (Charles and David) as revealed by that recent big expose in The New Yorker.... Just pay a number of pseudo-grassroots groups and personnel over $200M the past few years to spout lies like "Obama's a socialist" (yeah right, as if he's out to nationalize all businesses and confiscate all private property!! go to N.Korea if you want to use the word "socialism") ... and pretty soon you've got a bunch of willfully ignorant "Tea Partying" little authoritarians repeating this nonsense and taking the country into a very dangerous, fascist direction, just like the Brownshirts did in Nazi Germany.

The point here is that lies repeated often enough have their own hypnotic allure and can shift conventional perception to suit the selfish aims of a very narrow special interest group.

Ever since January, the Chanos-Greenberg-Cramer-Asensio-Bird/Waldo shortselling tribe of barbarians has been spouting LOTS of lies and nonsense about this space.

For every valid concern they might express, they then put out one or more quite unwarranted and misleading generalizations, distortions, or rank deceits. As we've noticed, there's also covert ethnocentrism and even xenophobic racism at work here.

As a psychologist i find such pathology fascinating and worthy of compassion; as an investor whose family and friends are financially impacted by it, i find it abhorrent.

[joenatural]

It always cracks me up when people use the word "basher." Pretty cheesy to call someone names just because he or she thinks differently about a stock at that point in time. Sort of tells me that name-callers aren't so secure in what they own ........

"Nontheless you couldn't withstand to yet again bash CCME and question the company in the comments section of this article? Are you now on the shorts side? Just asking. I can't believe that you would do that Joe. Seriously."

[ratobranco]

JoeN - Never mind the noise, he's just talking his book, as usual. As soon as CCME comes back down to the price where he sold at, he'll buy back in and start warning the yahoo peanut gallery about a coming short squeeze.

Just a few weeks ago, I remember a certain someone yammering about an impending market "collapse", telling us how he made the tough decision to go to 100% cash. That was with S&P near 1040, obviously a great call lol.

When the market clearly decided to reject his prophecies, we started to hear the dire warnings intensify, as in:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=54097586

JoeN taking care of the team, helping to protect us from doom. Gee, thanks buddy! lol Seriously though, could he have made his seller's remorse more obvious? ;-)

Now that the weakness of the last few days has given him a chance to wade back into some of the positions that he prematurely sold, it looks like we're starting to hear him get more positive. Not necessarily a good sign for our stocks, but at least we won't have to listen to as much of the self-serving china bash ;-)

JoeN, if you're reading this, I have some advice for you: Next time you make a bad call, man up and let the tape call the shots. Pumping and bashing on message boards to get the tape to move your way is unbelievably lame.