Replies to post #237 on Sino-Forest Corporation (SNOFF)

[AAAIRMAX]

I still can not wrap my head around all these analysts, Paulson included being duped over the years, investing Millions without enough DD to have red flags of their own pop up. That the recent financing from the government of China in March also did not find any issues. That auditors known world wide with high standards was unable to see issues.
That all this money raised over the years....if it was not spent on buying land or reforestation, then where did it go...no talk of company officials living lives over the top. No big selling of shares, no warning signs.
Just fear created by an under achiever who walked into the perfect storm hoping to make a few bucks seeing the share price decline from $25 to $maybe $15, and then got caught up in believing his own lies.

Analysts are not all that great at the end of the day, but when you have all with a buy, and a few standing up for the company, there is conviction. If you had a couple of buys, a few holds and a few sells, then caution is warranted, but come on, there is fear, and fear and greed run the markets in volatile times.

There are so many holes in the report from MW, so many holes in the globes artical, and China Forestry has caused issues on it's own for the sector, but in the end Sino has not asked for this, and has done nothing to warrant this attack.