Replies to post #76059 on China Growth Stocks

[Michael Anderson]

YONG - This was more of a warm up and one that can easily be brushed aside. With the put volume, the stock would have dropped regardless and this just helps cover that up a little bit. I would be surprised if they didnt try to take this one out too. Regardless if they are completely legit, the fact that the shorts can do whatever they want, is a reason to be very careful with these stocks and only trade on a very short term basis for now. Also, in regards to the filings, although it is a better indication of their legitimacy, I still have to believe there is a way that they can still fool investors or even do some sort of bribing where they have them match SEC, but cut a deal to pay way less taxes.

[joenatural]

That's why I sold my $5.43's from this morning at $5.57, as I just know this morning was hit piece #1 with more to follow .....

"YONG - Beware the weak hit piece along with crazy put volume. YONG may be in for a rough ride, remember MW and Citron are drunk with power right now and no doubt looking for their next victim. I could easily be wrong, but my CCME spider sense is tingling here. Trade this with caution and don't be afraid to take a quick profit. Channel your inner JoeNatural."

[ratobranco]

YONG - yes, it's scary as we've seen this exact same process unfold before. But YONG will surely come out tomorrow with a response, so there is a bounce to be played.

I think you unequivocally have to sell that bounce, because the smart shorts, if they have YONG in their targets, will strike after the company responds.