Muddy Waters Announces It Has Started A Short Position In Spreadtrum (NASDAQ: SPRD)

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Tue, 06/28/2011 - 11:53 | 1409036 Cdad
Cdad's picture


"Jefferies initiates coverage on Spreadtrum Communications (NASDAQ: SPRD) with a Buy rating and $19.25 price target."


Just in case it is lost on anyone just what the hell is going on with the criminal syndicate known as Wall Street.                    


Tue, 06/28/2011 - 11:59 | 1409046 SheepDog-One
SheepDog-One's picture

Jefferies anal-cyst MM chop shop, they were the ones pumping the crap out of RIMM at $148 for example.

Tue, 06/28/2011 - 12:06 | 1409102 Cdad
Cdad's picture

Morgan Stanlely leading the next total bullshit, bubble IPO of Zenga, or the maker of "Farmville" for...wait for it...$1 billion...while also simultaneously offering bonds on the mythical farms. Sounds great...put me down for 1000 shares.

Oh man, I am heading for the protective cover of the cosmic bunny hole today, Dog.  Who the hell is buying this crap?

Tue, 06/28/2011 - 12:14 | 1409140 NotApplicable
NotApplicable's picture

You ever watch someone play Farmville? It's digital crack in the form of a skinner box.

I have no doubt this company will be successful in some form.

Tue, 06/28/2011 - 12:26 | 1409165 SheepDog-One
SheepDog-One's picture

Only problem with things like Farmville, crack for the addled-brained and other video games is a 2 month attention span period.

Tue, 06/28/2011 - 12:45 | 1409213 SheepDog-One
SheepDog-One's picture

Cdad funny thing about the Farmville farmers is none of em could grow an actual tomato to save their own lives and will soon starve to death. Hooray Farmville.

Tue, 06/28/2011 - 13:42 | 1409288 Libertarians fo...
Libertarians for Prosperity's picture

Anyone want to venture a guess why they call themselves Muddy Waters?  Start with reading the 36 Strategies of Ancient China.

Pay particular attention to Chapter 4, Strategies to Confuse the Enemy.  In China (where MW is located), catching a fish by "muddying the waters" is considered a very low brow, cheap way to fight.  

Then go to the Muddy Waters website and check out the inconceivable, knee-buckling douche-baggery on display. They've got everything from cheesy Gordon Gecko quotes to American Psycho-like models, donning square Oliver People's glasses and pinstripe Valentino suits.


These guys are nothing but a bunch of Boiler Room wannabes, "swindlers who come forward to expose the greed," as one of their quotes say.

Key word: swindler 

Tue, 06/28/2011 - 14:31 | 1409537 Bay of Pigs
Bay of Pigs's picture

You must have been long Sino Forest?

Tue, 06/28/2011 - 11:55 | 1409073 A.W.E.S.O.M.-O 4000
A.W.E.S.O.M.-O 4000's picture

I'm sure glad I didn't see my broker on the list of suckers - DeMarco Bros. Investments and Catering

Tue, 06/28/2011 - 13:10 | 1409261 quintago
quintago's picture

I just read this article about SPRD last week ....

I wondered what the fab had to do with a fabless designer; shitty article, but funny if this turns out to be a flop nonethelss

Tue, 06/28/2011 - 11:49 | 1409037 Franken_Stein
Franken_Stein's picture


Down -26 % as of now.


Tue, 06/28/2011 - 11:54 | 1409044 ZerOhead
ZerOhead's picture

Hey-Zeus Christo... here we go again!

What next? The Federal Reserve Ponz... errr... Bank?

Tue, 06/28/2011 - 11:56 | 1409045 A.W.E.S.O.M.-O 4000
A.W.E.S.O.M.-O 4000's picture

Well that sucks. I didn't even get a chance to buy it at the higher price. How will I lose all of my money now?


Oh yeah, that's right. Give it to the Government to hold!

Tue, 06/28/2011 - 12:09 | 1409113 ZerOhead
ZerOhead's picture

+1 Good stuff!

Tue, 06/28/2011 - 11:54 | 1409039 GeneMarchbanks
GeneMarchbanks's picture

What a coincidence, so am I!

Tue, 06/28/2011 - 11:55 | 1409040 Greeny
Greeny's picture

If he was SHORT prior to writing that, this guys should be

behind bars by now. Where is the SEC? This is just criminal even worse

than insider trading.

Tue, 06/28/2011 - 11:53 | 1409056 chrisd
chrisd's picture

Explain how it is different if a hedge fund / mutual fund manager is long the stock then talks it up on TV. It isn't. Talking your book is as old as the market

Tue, 06/28/2011 - 11:54 | 1409062 SheepDog-One
SheepDog-One's picture

Right, throw this guy behind bars, but nevermind others who pump the hell out of this kind of crap day after day with their 'strong buy' calls at the top, like Jefferies for example.

Tue, 06/28/2011 - 12:00 | 1409093 Greeny
Greeny's picture

Listen we are talking about 30% loss for someone in like

minutes for no obvious reason other than that f*cking guy


Did you check EARNINGS?

1) I don't see pumping on the Chart

2) This company does EARN money last 2 quarters

0.61 and 0.55 per share, we are talking about more than $2/share

yearly, which = P / E ratio of just 5.3, that's why this Guy

is a Idiot criminal.

Tue, 06/28/2011 - 12:03 | 1409104 SheepDog-One
SheepDog-One's picture

Did you read the report? It says upon investigation, it appears the company is bankrupt and mis-reported years worth of data. 

Tue, 06/28/2011 - 12:08 | 1409123 Greeny
Greeny's picture

What makes you think this guy is any better

than other f*ck from Jeffery with Buy recommendation

earlier? Mean while share are down 11%. from been down 30%..

They all f* criminals. :)

Tue, 06/28/2011 - 12:09 | 1409112 chrisd
chrisd's picture

Why should we believe you? Your diligence consists of looking at filings that are no way verifiable

Tue, 06/28/2011 - 12:12 | 1409121 SheepDog-One
SheepDog-One's picture

'30% loss for someone in minutes'....who, YOU?

Tue, 06/28/2011 - 12:14 | 1409132 Greeny
Greeny's picture

No, I don't own communication stocks especially without

Div. I need 5% + Div to get interested at least.

Tue, 06/28/2011 - 12:13 | 1409137 SheepDog-One
SheepDog-One's picture

So what are your feathers so ruffled for then? You dont own it, what do you care? And if youre such a watchdog why dont you write about your outrage over 100 P/E stocks that go up 5% daily?

'Dividends' yea talk to Robo about his dividend stocks which pay 2% but lost him 10% on cap already.

Tue, 06/28/2011 - 12:25 | 1409162 Greeny
Greeny's picture

Actually I can ask you the very same question. Why do you care?
Btw this story is interesting, I'll keep that stock under radar
and see what develops next. I think that Report is just made up
sh*t writing for one purpose: Hit and run, 30% not bad for 1 day.

Tue, 06/28/2011 - 12:27 | 1409167 SheepDog-One
SheepDog-One's picture

You got all pissed, I didnt, I just laughed....thats the difference.

Tue, 06/28/2011 - 12:50 | 1409218 SheepDog-One
SheepDog-One's picture

And looks like MW's last short call on CNTY was a great call, down 50% still. If you think this is just some guy putting out fake calls to make a quick short, I think youre wrong.

Tue, 06/28/2011 - 12:26 | 1409164 bourbondave
bourbondave's picture

but they've been right?  Has it been shown that they keep putting these short positions on, make their announcements, immediately close their position and then are found out to have been full of shit?  I haven't seen that.

For the people so upset about being down 25% because of these guys releasing their analysis, this should be a great buying opportunity at a "25% discount".  Good luck to them.

Tue, 06/28/2011 - 14:50 | 1409614 Freddie
Freddie's picture

Do really accept any EPS numbers or any financial statements especially from China?  American banks are even worse.  PE ratios?  It assumes the numbers actually mean something.  They float this ChiCom sh*t in America because if it is a fraud in china the CEO gets a bullet in the head.  They know the SEC will do nothing to Chinese companies.

Tue, 06/28/2011 - 12:00 | 1409092 GeneMarchbanks
GeneMarchbanks's picture

'Where is the SEC?'

Watchin pornography on an oversized HD screen. "Woooaa! Is that a 12 foot vagina?"

Tue, 06/28/2011 - 12:22 | 1409156 buzzsaw99
buzzsaw99's picture

I heard the SEC's days are numbered. Good riddance!

Tue, 06/28/2011 - 13:13 | 1409269 carbonmutant
carbonmutant's picture

I know Schapiro's days are numbered...

Bernard Madoff, in an interview by the SEC inspector general David Kotz, said that Mary Schapiro was a "dear friend".

Tue, 06/28/2011 - 12:07 | 1409105 Scisco
Scisco's picture

You are right it is worse than insider trading. It is due diligence which must be made criminal and pursued to the limits of the law. If this is let to slide, people might realize the ponzi scheme that is our markets and cash out.

Tue, 06/28/2011 - 12:09 | 1409114 SheepDog-One
SheepDog-One's picture

How DARE someone actually look into some companies reports and call 'bullshit'....isnt that highly ILLEGAL or something?

Tue, 06/28/2011 - 12:07 | 1409118 SheepDog-One
SheepDog-One's picture

So Greeny basically you went long on Jefferies strong buy call today, and got kornholed? Oh well.

Tue, 06/28/2011 - 12:16 | 1409136 Joeman34
Joeman34's picture

You are totally and completely wrong.  MW is a private company publishing their proprietary research reports.  They do not have inside information as they analyze public disclosures.  Therefore not subject to insider trading rules.  You have proven you truly are a moron.

Tue, 06/28/2011 - 12:24 | 1409170 Going Loco
Going Loco's picture

No. Wrong. If the information is available from outside the company, not inside, he is entitled to do his research, take a position, then publish his research. If the research is fraudlent he will be sued by the company. If it is accurate he is just publishing facts which he has discovered. There is no difference if someone does research, takes a long position, then publishes. The only reason people like you jump up and down is because Muddy Waters is trusted, so his shorts go down the pan. The traditional publishers of research are now not trusted. At least not by me. Have you studied the Muddy Waters site? Have you read their research? It's all there. Page after page of it. Fascinating to read. If all the world had to go on was the sell side analysts the Chinese frauds would still be ploughing forward, sucking up more of the world's capital. BTW the thing that stinks to me the most in the report on Sino Forest was right at the bottom of page 2 of the main  report - see

Let's all club together and pay Carson Block to let his team loose on the Fed. 

Tue, 06/28/2011 - 20:02 | 1410364 Devore
Devore's picture

There is no insider trading here for SEC to look at. Just due dilligence research reports published, something everyone should have been doing on their own already. If you believe this company is solid and has been unjustly slandered, there is an easy solution for you: buy it at a 25% discount.

Tue, 06/28/2011 - 11:54 | 1409051 chrisd
chrisd's picture

wrote the same thing as someone else. Comment deleted and flaggin' myself as junk

Tue, 06/28/2011 - 11:53 | 1409054 doomandbloom
doomandbloom's picture

can they research JP Morgan?

Tue, 06/28/2011 - 14:48 | 1409586 Bay of Pigs
Bay of Pigs's picture

I'm waiting for their short annoucement on GLD and SLV.

Tue, 06/28/2011 - 11:56 | 1409070 Azannoth
Azannoth's picture

Just wait till Muddy Waters downgrades the credit worthiness of the USofA

Imagine the headline 'Muddy Waters shorts 10 year US bonds! Market Implodes!'

Tue, 06/28/2011 - 12:00 | 1409072 Franken_Stein
Franken_Stein's picture


Astonishing how many people on planet earth just want to live off of managing other people's money.

Looks like any idiot today can start an asset management or equity management firm.


All these paper pushers and money changers need to go bankrupt and learn how to hold a shovel and a hammer instead of running around in pinstripe suits, with greased hair and wearing white collar and Oliver Peoples glasses.


Fuck them all !

Useless vermin.


Tue, 06/28/2011 - 12:04 | 1409086 SheepDog-One
SheepDog-One's picture

Yep fuck em all, I cant wait for the day when theyre falling from the sky on Wall St or running from rioting mobs. To hell with all these 'high class connected' losers who cant do anything but skim off the top of other peoples money, no matter which direction it goes. To hell with em.

Tue, 06/28/2011 - 13:11 | 1409265 spanish inquisition
spanish inquisition's picture

That is why Greece needs to be crushed.

The people who are living off the government are interfering with the bankers who want to live off the government.

That about sums it up...

Tue, 06/28/2011 - 13:19 | 1409293 carbonmutant
carbonmutant's picture

"Astonishing how many people on planet earth just want to live off of managing other people's money."

I think you're using the word "managing" rather loosely....

Tue, 06/28/2011 - 12:01 | 1409084 scatterbrains
scatterbrains's picture

Looking at a daily bar chart of FAS they look very similar.

Tue, 06/28/2011 - 11:58 | 1409087 Franken_Stein
Franken_Stein's picture


Down -30 % as of now.


Tue, 06/28/2011 - 12:01 | 1409095 SuperRay
SuperRay's picture

how do i become a MW client?

Do NOT follow this link or you will be banned from the site!