Replies to post #132544 on Value Microcaps Motherboard

[wadegarret]

10 bagger-

I have gotton back into a few China smallcaps, but at a much lower % of my portflio than before. Shorts are smart, but they are also deceptive and extremely manipulative and cunning. So far with CCME, even though it looks bad, the claims by the shorts have still not been substantiated. My big question is, why wouldn't substantiation of the cash in the bank have been the first thing to be done by Deloitte, especially after the massive short attacks, and the 2009 clean 10K ? This question was actually asked on Yahoo by someone claiming to be an auditor working for a big 4 accounting firm. Also if CCME were a total fraud, why the 8K at all ?

The whole things smells to me. However I will submit I got greedy, and put too much in the stock. Bottom line is for now, the shorts control the China smallcap sector. However I hold open the possibility that CCME will not be delisted, and truth may come out surprising many. Of course as they say, hope springs eternal.

Wade

[smoke]

A classic post if ever there was one. Should be a sticky but where?
I could have written the same thing, if fact I did about 10 times in my investing life which began when I was 18. Now at almost 73 but I have learned some things::

Hungry money seldom wins.
Get a loan when you don't need one.
Don't sell real estate in a down market; in fact don't sell it ever. There are far worse investments waiting for you and whats wrong with collecting 20% when banks are paying just 4.

When I was at NYU many years ago we had an accounting assignment to ask local peddler's how's business. I asked a fruit stand guy and he said "What I make on oranges I lose on Bananas." But I know he has been on that corner for 50 years so he lied. But what he said was true about my investing history.

What I make on oranges I lose on Bananas.