CEU - makes sense. It's a very well put together report. Like the MW RINO report.
I'm not saying we shouldn't question it, but we're at a stage in the game where we absolutely need to sit down and make sure we have carefully poured over the arguments before trying to respond to them.
These attacks are not the usual silly attacks you might see from an amateur on YMB. A lot of careful, fundamental-based DD from skilled investors has gone into them.
As a matter of principle, I would never dismiss a report from a short, or a long, I would not truly believe them either.
I do cast doubts on all "research" reports, though. I built and ran a model of all analysts ratings from all major research firms: if you buy a stock based on an upgrade, and sell the same stock when there is a downgrade, you will have a lousy performance on your stock portfolio. It failed miserably comparing to a simple buy and hold strategy. I ran the model on NASDAQ 100 and DOW 30 stocks over a period of 2 years, five years, and 10 years. The result were the same.
Back to Kerrisdale, here are some "good" research from it:
Kerrisdale spoke positively of DJSP, and recommended to buy it via warrants. We all know how DJSP turns out: it traded around $8 when Kerrisdale recommended it, now $0.58. The warrant holders lost almost 100%.
It speaks volumes about Kerrisdale's research ability to find fraud.
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