Latest Chinese Fraud Du Jour: Gulf Resources (GFRE), Price Target $0.00

Tyler Durden's picture

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Mercury's picture

Zero point zero!....fraud, self dealing and conflicts of interest...O'Reilly's going to hit the roof!

The partners are already on it.

BDO?

No, we already have BDO.

Oh.

fx's picture

Let it drop to ZERO - and then BTFD!

Hephasteus's picture

MarketWatch community is quite bullish on this. Seems legit to me.

Mercury's picture

...maybe because all they're watching is the market.

Hephasteus's picture

I hope I don't make any money today.

I'm getting gold and silver guilt.

UninterestedObserver's picture

I shorted a basket of 12 RTO's a while ago - easy money.

HedgeFundLIVE's picture

The IMF is now predicting that China will pass the US, as the world’s number one economic power, within five years. That should come as a big shock, seeing that most experts were predicting it to happen in about twenty years. The US has definitely slowed as the world’s true number one, thats for sure. http://www.hedgefundlive.com/blog/china-to-surpass-us-sooner-than-expected

 

jal's picture

Where did the China learn how to do fraud in the stock market. Who were their teachers?

Were the teachers english speaking?

Maybe the chinese are not slow learners after all?

Maybe the chinese have got western partners helping them?

Dammmm it looks like its the same old players doing the same old games in a different playground.

 

jal

centerline's picture

Sick looking chart.  Some cheap puts might be in order.

slaughterer's picture

Fuck, I have 500,000 shares of GFRE in my IRA.  /sarc

trav7777's picture

why the fuck would anyone "invest" in the total CON that is China any longer?

And their 'economy' will pass ours?  I guess this is fitting as they are about the only bigger fraud than the USA these days