- advertisements -
NASDAQ has also halted trading on SDTH ShendaTech out of Shanghai. They have been cooking the books and auditors found it.
Is there an ETF focusing on china small cap stock trading in US?
And good luck with BTFDing!!
The Chinese learn fast. Good for them.
Whole new levels of corruption. Chinese learn the shell games from the wall street masters. The equivalent of the shoeshine boy giving stock tips.
Financial exploitation is the harbinger of economic destruction.
fun fun fun.
Cant imagine anyone being dumb enough to buy mid/small cap stocks from china.
"Cant imagine anyone being dumb enough to buy mid/small cap stocks from china."
I would imagine the majority of buyers are fund managers in fancy names such as China Small Cap Super Growth Fund, who just do a word search for China and buy a piece. They won't lose too much sleep over it, after all it's not their money. No doubt they worked US tech stock funds 10 years ago and then shuffled off to find the next bubble to exploit. They'll just move onto renewables, or something that becomes the next hot sector.
I've got to hand it to you Tyler. Despite the insanity out of Japan and in all the markets you still relentlessly pound away at the Ponzi wherever it's found.
And to think you're just a one armed (wall, not fiat) paper hanger.
Time for Tyler to go back to reporting financal news (I know he didn't stop) now that he has broken the nuclear meltdown better than any other news source. Don't forget, he works hard for the monie. Donate what you can, or buy some sweet ass gear from WilliamBonzai7.
Go long Herb Greenberg?
This cannot possibly come as a surprise to readers here.
Markets are not permitted to decline. It would set off the derivatives bomb.
Down 8%. I shoulda went short this POS.
It's already down 21%, I can't find any shares to short. People bag holding this are pounding the sell button as fast as possible.
According to Gordon T. Long’s diamond-rated article on The Market Oracle published yesterday, RIP Shadow Banking System, Long Live QEx, China has been the “recipient of many of the 46,000 factories that left America” - emphasis on the "46,000."
But, but, but .... Reserve Currency status just around the corner ....
Communism, fraud, reverse engineering, deceit ......
Reserve currency status? Says who, the MSM? Pshaw. Gold will be inserted into the basket in an attempt to loophole the economy again. Of course, both you and I know the Fed starts the dollar ponzi by leasing their gold reserves, but we won't tell no one. Right?
Should change that to C-MEH.
Thanks Zerohedge, just bought some puts. Worked out great last time on CAGC.
Edit: I'm up $300 in 5 minutes. Happy days. Keep up the great work.
me too, up 1.5K, might just cash out, dont want to be too greedy
Guess I'm gonna be holding a rave in my uni halls tonight. :D. Down 40%. I'm gonna hold these puts. Doesn't seem like theres any resistance to it. In CAGL they seemed to keep the price up somewhat.
Harvard BS now offering electives in Ponzi engineering. Macro and Micro tracks available.
Bernie Madoff aught to start doing lectures, I'm sure lots of Chinese businessmen (AKA scam artists) would sign up.
This is your best work, and I commend you on it. No one has highlighted the topic of China equity fraud and brought to floor research from wherever. On ZH. This news brought to fore is tradable. The pattern of Chinese corruption is apparent enough such that major news outlets should also be on it...because it is a story.
Some months ago, Barron's did a pretty scathing piece on the ramp up of Chinese reverse mergers. It was buried on page 50 or something... easy to miss.
Just broke below $5, down almost 20% today and 10% since zerohedge reported. Keep up the fantastic work.
Love you Tyler
Not the first and not the last. They go to NASDAQ because it's less regulated and easier to be listed than Shanghai SE and Shenzhen SE.
XING puts all their scams to shame. Possibly hundreds of millions.
That little picture in the paper is taken from the movie: A better tomorrow (1986) by John Wu, starring Chow Yun Fat.
The irony here it is a movie about a gang of dollar counterfeiters in Hong Kong.
Almost like in the Marriner Eccles building.
When do mutual funds stop purchasing Chinese equities and throwing these 401k's down the tubes?
China is littered with fraud companies. And they have more cancer cases already from industrial pollution than if Fukushima erupts in a supernova
Went off a cliff i saw lows of -38%
upright shoulder-head-shoulder mid 09 to beginning 11 -- predicts about just that...
the language of tracked quantities...
why are people buying at this level?
Last ten minutes it has stabilized
Probably algorithmic/technical traders out there trying to catch a pullback. Shame it's not going to pullback because it's NAV is 0!
Just reading some tools comments on yahoo, saying wait till the 10k
comes out tomorrow.
Dude the 10K is fucking fiction
Question, if it does get halted, what happens to holders of options?
Makes me kick myself for pulling all money out of the brokerage account
ZH needs an android alert app
HHHHMMMM..........An opportunity ot buy the fucking dip?!?!??!?
I' m still looking for info on what to do with puts on this or similar company (CAGI) if/when the company is delisted or NASDAQ puts it on hold for a time (CCME and CAGI last week). What happens to the value of the puts? Mine (CBEH, CAGI, CCME) are all several months out. Thanks for any help.
Went to 5.50 in after hours
the 5.5 is surely a snapback from people who put out in cover on the close orders to lock in gains. I appreciate the opportunity to short this guy at higher levels than the price at which this post was presented
It's due to their 10k being out, with KPMG on the bottom. Have to see what happpens tomorrow
"Sinclair Upton Research" has no Google history until this report http://y.ahoo.it/iKJzESSR Opportunistic Manipulation of China RM space?
Trading $5.22 this morning, so outside of of a 60-minute panic, market doesn't seem to think this "report" is authentic.
OTOH, confidence in Chinese stocks must be extremely low for this kind of impact out of obscure report.
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.