You're right ratobranco. There have been many stocks I could have shorted and made a killing on. But I didn't. Fact is, the market in whole (especially China) has given me (and I'm sure many others) much more in percentage gains over the years, than what has been lost.
I agree there's a lot of crap in the China (RTO) space right now, but you act like there are NO good buying opportunties. However nothing gets labled as a good buying opportunity until after the stock goes up and it's hindsight.
Talking about buying opportunities, let's take a look at CHME. Here's a company that went from the mid $3's to the mid $0.60's in one year (81% loss). The next year it went into the $4's (515% gain). Since then they have told investors that you can no longer rely on past filings all the way back to 2006. The stock tanked, was delisted, and went to the pinks. Everyone and their brother wrote it off as a fraud.
This past Tuesday, the ask on the stock was $0.30.
On Tuesday evening CHME announced they appointed PricewaterhouseCoopers as their independent registered public accounting firm. PricewaterhouseCoopers will audit financial results going back to 2006.
CHME closed @ $0.45 yesterday.
I wouldn't think CHME would hire and pay the fees of a #1 auditing firm to go back and audit 5 YEARS of financial statements, if they had serious issues to hide.
Not sure how things will turn out, but after tuesday's news, CHME is one RTO for the watch list IMO. May take some time, but my guess is that when all said and done, they will try to uplist. Time will tell.
Market Data 
Markets 
AI
