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

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Tue, 04/26/2011 - 10:05 | 1207580 Mercury
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.


No, we already have BDO.


Tue, 04/26/2011 - 10:09 | 1207619 fx
fx's picture

Let it drop to ZERO - and then BTFD!

Tue, 04/26/2011 - 10:04 | 1207603 Hephasteus
Hephasteus's picture

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

Tue, 04/26/2011 - 10:04 | 1207611 Mercury
Mercury's picture

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

Tue, 04/26/2011 - 10:11 | 1207625 Hephasteus
Hephasteus's picture

I hope I don't make any money today.

I'm getting gold and silver guilt.

Tue, 04/26/2011 - 10:17 | 1207645 UninterestedObserver
UninterestedObserver's picture

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

Tue, 04/26/2011 - 10:35 | 1207727 HedgeFundLIVE
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


Tue, 04/26/2011 - 10:45 | 1207775 jal
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.



Tue, 04/26/2011 - 10:58 | 1207814 centerline
centerline's picture

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

Tue, 04/26/2011 - 12:52 | 1208160 slaughterer
slaughterer's picture

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

Tue, 04/26/2011 - 16:12 | 1208907 trav7777
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

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