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And its up 3%...nuff said. Market is greeeeeeeeeeeeeeeeeat!
It seems you have a 15 minute delay
Yahoo charting FTW
Down 8% and dropping...
Whats down?? I see all green. Please be specific..
Ummmm.... the topic of this article, CGA. Are you jones'n me?
NO not at all. Scotia platform froze quotes on this. Halt Imminent. Feel sorry for the moron who just filled my $5 puts. Idiot.
Vastly Inflated Revenue
False Claims About Technology
Questionable Tax Reports
Possible Self- Dealing
Excessive Purchase Price for Gufeng Subsidiary
Dubious Related- Party Transactions
Huge Multiple Paid for Gufeng
Excessive Share- Based Compensation
This is a basic China JV due diligence checklist
Its all good. Higher stock market, Lower unemployment and fresher, crispier veggies in my Sesame Chicken. Life is good.
Be careful...lots of people automatically assume that all Chinese companies are frauds (as if we've never known US and Canadian frauds too!). What's next? Are they going to accuse Chinese solars of fraud too? -)
....they're gonna need lot's of silver for those panels which will chew those profit margins to shit. Better hope silver stays under 30
NO they don't. That's a design decision. Silver tabbing is chosen to make the thinnest possible panels. They could use frickin 8 guage copper tabbing if they wanted to. It's just design. It's also a bad design. They have huge resistance losses from the tabbing they use in commercial panels. Since payback is so long term on solar anyway. They might as well invest a little more or go home.
Of course they are all frauds! As always, criminal syndicates have no desire, let alone the ability to provide goods and services effieciently. Instead they create a grand facade, in order to steal more.
Even if a legit company forms, it is only a matter of time before it becomes a honeypot too rich for the gangs to ignore.
BTW, your comment about the US and Canada is logically irrelevent, and if anything undermines your initial point.
Fraud here, fraud there, fraud everywhere. It really makes me wonder some times about Jim Rogers.
Rogers of the BowTie Gang?
No professional who trades for a living would buy that kind of garbage.
Whoever bought that thing deserves to get wiped out.
FXI, on the other hand, or any other big cap Asian ETF or ADR, is doing just fine.
No need to gamble on the low grade screamers.
Weird. That's EXACTLY what I say about APPLE!!!
No professional who trades for a living would buy that kind of garbage.
What the fuck are you talking about, Robo? Who do you think brought the garbage to market?
And again, how can actual recovery ever take place while our financial institutions are polluted with crack head bankers who cannot remember their moral codes because of the distraction of multi million dollar bonuses? Answer...recovery cannot occur while these crooks, like those that bring Chinese garbage to our markets, continue to populate our financial institutions.
Thank you fucksticks at the NYSE for bringing all of this Chinese IPO garbage to us...thaaaaaaaaaaaaaaaaaaank yoooooooooooooou!
Shhh. These guys found a alien in a crashed space ship that craps super fertilizer. Don't tell anyone it's an ancient chinese secret!!!!! LOL
Loaded up on the $5 putskies....BRING EM HOME TO POPPA!!
Looking at the put volume, the wound that is leaking blood is attracting the sharks. What month did you buy?
Jan 22's...this should gap down tomorow around $6, and friday should be pay day. 10-4 OUT.
I bought a little time with mar puts......
I am very positive on the whole Chinese market..but there are many scams there..both individual and government sponsered...vacant cities...or stocks...housing bubbles...but on the other hand they have done very well since 1973 if I remember correctly when Nixon opened it up...look at the story of the Apple manufacturing guy....quite a story of sucess...its like anything...study a little bit before you jump in..
How long before Mary Mary visits the offices of ZH?
Well if someone wants to do a bit more due diligence another company to question might be Yongye http://www.google.com/finance?q=NASDAQ:YONG .
I wanna know about GAGA!
Get GoooGooo for GAGA!
Until I figure out how to post an image, hopefully in the next ten minutes, here's Ms. Gaga in all her glory http://cdn.crushable.com/files/2010/06/gagrr.jpg
Barrons show inflows near 1 trillion, yet zero hedge says 90 billion in outflows.
People who follow zero hedge will lose.
Luckily, since all our data is based on facts, you are spot on that those trading based on reality may or may not lose, but those trading on mark-to-skittles will definitely win the game. And by the way, how much of the 1 trillion (not sure where you got that from incidentally) is based on fixed income, commodity, currency, and triple leveraged daytrading ETF inflows?
The bloodbath will be in late May/early June.
Thanks Thunder Dome.
According to his thesis the next big leg up in equities seems to start in June/July....meaning that pain in the Dow and S&P will begin shortly....but maybe I read the article wrong. Out of all analysts I have read, I really respect Armstrong and some of his predictions have been spot on in the past. There are many people on zerohedge that have been calling for a collapse on the stock market - and - I must admit I was one of them. However, Armstrong has a powerful theory stating that money is flowing from public to private - which means government money may float the boat of those calling for $5000 gold and Dow 18000. Money will flow into these companies, even though the majority of the population will not be consuming.
The banks need healing so the Goldman JP Morge and Bernank are out stealing. When you're broke the only way to heal is other peoples assets. We need a new song. OPA.
Thanks for the head's up. I need to get better at interpreting your tweets :)
You Chinese think you can dump garbage on our market without going through the "proper channels"? You gotta pay for the proper investment services "fees" if you want to dump crap like an auto manufacturer or some faceweb product.
I'm just as likely to cap on the foreigners as the next guy, but this is less about China and more about business. Meaning business as usual. The Chinese didn't invent financial innovation, Americans did. Like everything else invented in America, the Chinese are just getting in on the game.
Our biggest export in America is fraud. The Chinese bought the franchise and sold the product back to us, that's all.
Chinese fraud is a little different. It is pervasive and primitive, made up sales and seriously fudged numbers, as well as an obvious disdain for investors even worse than in the USA. They don't engage in financial innovation. The small cap chinese market is just plain old primitive fraud. There is a reason for this. I don't think most of you realize how much the Chinese hate us and they think anything they do to us is fair paybackfor the "exploitation" of China in the 19th century. They blame us for China being backward, 19th century colonialism that is. Of course they are totally innocent of fault in their failure to progress.
I think you've missed the point. Financial innovation these days is simply a code phrase for a suite of crimes involving bookkeeping fraud, insider trading, theft of public funds, and frontrunning. I have not doubt that BAC, Citi, Wells, GS and the lot would be found up to their eyeballs in felony counts (real felonies, not just felonies of public opinion) were anyone to give even a cursory look.
Old fashion crooked thumb-on-the-scales double-dealing snake-oil-peddling fraud, like back in the old country. Hasn't changed much in 8,000 years. Won't change much in another 8,000 years either, though we might be trading sea shells and feathers by that time.
Ok - if these puts pay-off I start supporting ZeroHedge with worthless dollars. I need a T1 line to start front-running ZH.
cga is off it's low but death is now inevitable. Hey TD can you follow all these micro-investment firms that put out short calls on small china US listed stocks?...This looks like easy money for a while. There is a lot of low hanging fruit here! Yes the chinese market in small caps is virtually all fraud. The only difference is the size of the fraud. If we could follow all these short reports on small chinese companies we could make a lot of money and do good at the same time.
It's not "do diligence" it's "do due diligence". And yes, I realize it still sounds like "doo doo" no matter how slow you say it.
actually it is.
actually you are both right. YOu can do your own diligence. I do think diogenes has the better sentence structure, because all of us had to pause for a second at the do diligence even if technicall it is also correct.
Who cares, we call it DD and thats that.
you are wrong diogenes..oh wait.....you are right.....you kept the verb you just changed the object.
very cool, a ZeroHedge inspired Flash Crash of CGA
naah....most zero hedge readers are not really investors. There are a lot without any money and just hang out here for escape as they dream of the crash that solves everything and turns the USA into heaven for all. For all the people who hang out here and don't invest a dime in the market this is just another jesus narrative....people unhappy with their lives hoping for financial armaggeddon and a better day.
Are you the greater fool?
they don't call me the troll for nothing, but I'm going on vacation. You won't have the troll to kick around anymore, at least for a couple of wee. Tyler this is a major break for you. Find a way to follow the coming deluge of china small cap usa listed short reports. This is an easy fraud to unravel and ninety percent are fraud.
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