Also proves another China myth disproved CASH in the Bank DOES get audited as some shorts aka Waldo insinuate that Cash in China doesn't get audited directly from the bank like in the U.S. BUT today's PR proves otherwise the co. just like in the U.S. has to approve the bank to disclose all bank info... Rest assured in their first go around with a new co. Deloitte insisted on Bank info for CCME...
Maybe. However, what I've been stressing is that I'm basing my opinion on the chart and price action. Where are the institional buyers? Why are there now nearly 3 million shares short? Why can't the stock rally? There are other China names like BORN, FMCN and SINA that have very bullish charts and price action, so not all China stocks are acting poorly.
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