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

Tyler Durden's picture




 

There was a time when markets looked to pre-discredited titans such as John Paulson new position announcements and surged appropriately on any kind of news. Now, it is small, actually due diligencing outfits, such as Muddy Waters, which move stocks by up to 50% on mere position initiations. To wit, MW has just reported that is has started a short position in Spreadtrum Communications, (SPRD). "Muddy Waters, LLC has begun researching Spreadtrum, Communications Inc. (NASDAQ: SPRD), and we have taken a short position in it. (Please see our disclaimer below.) We have identified a number of issues in SPRD's filings, and we believe that there is a high risk of material misstatement in the reported financials. Our concerns are gravest regarding 2010 and 2011 numbers. The below link is to an open letter we have written to SPRD chairman Li regarding our concerns." Next up: stock implosion.

Complete MW letter:

MW_SPRD_OpenLetter_06282011

And while Paulson is not a loser on this one, here is who is:

 

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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."

6/28/2011      

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.

http://mediacommons.futureofthebook.org/content/cultivated-play-farmville

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.  

http://history.cultural-china.com/en/182History5360.html

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.

LOL 

http://www.muddywatersresearch.com/

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 .... http://www.businessweek.com/magazine/content/11_26/b4234042829458.htm

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

bashing.

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 http://www.muddywatersresearch.com/wp-content/uploads/2011/06/MW_TRE_060211.pdf

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?

Tue, 06/28/2011 - 12:05 | 1409098 SheepDog-One
SheepDog-One's picture

Im printing up 'I 'heart' Muddy Waters' tshirts as we speak, any pre-orders?

Tue, 06/28/2011 - 12:08 | 1409109 lubyanka
lubyanka's picture

Sign me up. Maybe the Chinese Translation on the back?

Tue, 06/28/2011 - 12:02 | 1409099 curbyourrisk
curbyourrisk's picture

Muddy Waters are a hero.

 

I can;t believe they are still allowed to operate.  No horses head in the bed???

Tue, 06/28/2011 - 12:20 | 1409149 NotApplicable
NotApplicable's picture

AG Holder is working on financial terrorism charges as we speak.

Tue, 06/28/2011 - 12:49 | 1409214 Widowmaker
Widowmaker's picture

Eric Wang-holder has not worked on charges since fogging a mirror at the post.

Who isn't short justice?

Tue, 06/28/2011 - 12:02 | 1409101 Franken_Stein
Franken_Stein's picture

 

I'm gonna found a company:

 

"Asshole International Capital Advisors, LLC"

 

Oh, I'm already feeling so distingiushed and elitarian, so upper class.

 

Please give me your money now.

I know better than you how to burn it.

How to spend it on hookers, Ferraris and coke.

 

Tue, 06/28/2011 - 15:36 | 1409742 Freddie
Freddie's picture

+1

Tue, 06/28/2011 - 12:02 | 1409103 Godisanhftbot
Godisanhftbot's picture

 Meanwhile, late shorts and overpriced put buyers sodomized.

 

 MW turning into a frontrunning machine

Tue, 06/28/2011 - 12:07 | 1409108 TradingJoe
TradingJoe's picture

Piece of Cake! I "discover" some "discrepancies" with some dumb chinese stock, initiate a short position, THEN "disclose" research report and wait until the bandwagon gets to where i need it to be and BOOOOMMMMM PROFFFIIIITTTTT!

How about the other way around?!?! There is so much conflict of interest here...Gees!

Tue, 06/28/2011 - 12:06 | 1409115 Godisanhftbot
Godisanhftbot's picture

 I suspect the shorts just got blown out chasing this down. They are now losing more than the longs.

 

 MW long gone.

Tue, 06/28/2011 - 12:09 | 1409124 SheepDog-One
SheepDog-One's picture

Fuck daytraders. They got burned shorting something already 30% down...may I suggest a line of work change for your dumb ass?

Tue, 06/28/2011 - 12:07 | 1409117 doomandbloom
doomandbloom's picture

its fine as long as they focus on Chinese companies....or else..

Tue, 06/28/2011 - 12:43 | 1409202 Going Loco
Going Loco's picture

Oh for heaven's sake, your comment is so stupid that I nearly went all ad hominem on you. On the Home page of the Muddy Waters site Carson Block says: "At the same time, a number of well-run and well-positioned companies are underappreciated because their managements, often abandoned by RTO or IPO sponsors, are awkward to foreign investors." My bet is that Block is picking off the lowest and heaviest of the low hanging RTO fraudfruit and when he has made some capital he will switch to the long side and do some RTOs and IPOs himself, backed up by his own research team. If he doesn't get himself murdered between now and the day he can afford world-class security measures. I think we need MORE people like Carson Block. If he ever makes his research 'subscription only' I will mortgage to subscribe. There is scope for others to do the same thing. Really good research - very rare. Very rare indeed.

Tue, 06/28/2011 - 12:05 | 1409111 Seasmoke
Seasmoke's picture

Looks like New Enterprise, is going to be OLD Enterprise in the near future

Tue, 06/28/2011 - 12:12 | 1409122 nonclaim
nonclaim's picture

Muddy Waters is into something... CNTY then SPRD ... BABY next?

Tue, 06/28/2011 - 12:13 | 1409125 MountainMan
MountainMan's picture

Swan dive, bitchez.

Tue, 06/28/2011 - 12:16 | 1409134 YesWeKahn
YesWeKahn's picture

This guy should be hired to investigate the FED.

Tue, 06/28/2011 - 13:11 | 1409150 Voodoo-economist
Voodoo-economist's picture

say "Cheeeese", you got squeezed

Tue, 06/28/2011 - 12:27 | 1409166 Godisanhftbot
Godisanhftbot's picture

 If you lost $ shorting this or buying ripoff puts, tell us your story.

Tue, 06/28/2011 - 12:29 | 1409173 SheepDog-One
SheepDog-One's picture

More interesting story would be from those who went long on Jefferies strong buy call with $20 target.

Tue, 06/28/2011 - 12:28 | 1409169 web bot
web bot's picture

The fact that a handful of garage start ups (no disrespect intended, just creating visual imagery) are able to do this, tells you something of how broken the system is with rating agencies and so called "experts" that work at large institutions. They are all part of the same sewage system.

It looks like we are going back to the days when people lived in villages, where one's reputation meant something. Many say the web has depersonalized us as people and individuals are irrelevant... try again. 

Great work.

Tue, 06/28/2011 - 12:27 | 1409177 SheepDog-One
SheepDog-One's picture

Yes and in those days these crooks who weasel themselves in to skim off the production of others were quickly identified and either run out of town gulag style or just hanged for example to others.

Tue, 06/28/2011 - 12:32 | 1409179 deepsouthdoug
deepsouthdoug's picture

If you are short a stock and an exchange shuts the stock down are you allowed to close the position out at the last price?

Tue, 06/28/2011 - 12:33 | 1409188 Godisanhftbot
Godisanhftbot's picture

  Try another hobby.

Tue, 06/28/2011 - 12:32 | 1409180 TruthInSunshine
TruthInSunshine's picture

Please, guys, let's not be pessimistic.

I am highly constructive on equity markets, taking a cue from Abby Joseph Cohen.

This market is undervalued, and should extend its record breaking gains of the last 2 years, turning the biggest bull market in history into an even larger one, on the back of a robust economy, growing more robust, on incredibly strong, quality job growth, record car and home sales, easy access to credit, government prudence in balancing expenditures and revenue, absolutely blazing consumer and CEO confidence, the excellent health of banks and financials, the low debt levels of publicly traded corporations (11 trillion), and the very low total debt level of the U.S. (53 trillion).

Besides, even if the U.S. did falter from its smoking economic, employment and consumption expansion, Europe, which is incredibly robust, with no debt, unemployment,or political problems whatsoever, China, with its incredibly healthy lending at the local level by well-regulated banks immune from corruption and graft (and facing no inflation), or Japan, which has broken out of its Keynesian Quicksand, and is now expanding into the booming areas of GammAgriculture, would pick up the slack.

All is fantastic, and buy those massively undervalued and quality equities with full confidence.

Bernanke & Geithner give an all clear, and the stellar track record belonging to Jim Cramer, Abby Joseph Cohen, Joe Lavorgna, Mark Zandi, and countless others who have been consistently correct on their past calls back the Bernanke and Geithner theses.

The upside potential to the economy and equity markets outweighs the downside risks to either by a factor of at least 3800 to 1, with 3800 where I see the 2012 target on the spooz, by the way.

 

Tue, 06/28/2011 - 12:39 | 1409185 SheepDog-One
SheepDog-One's picture

Heh heh heh. Hey sign me up for some of them 100 P/E 'high beta' things I keep hearin so much about!

Tue, 06/28/2011 - 13:15 | 1409264 curbyourrisk
curbyourrisk's picture

if you really believe this....you are very dellusional.

 

ASS HOLE!

Tue, 06/28/2011 - 13:55 | 1409432 Greeny
Greeny's picture

Yeah f*cking clown, why do you care if any of us making

money on the Stocks Market, since you are not in? What is your

problem? Hah? I guess your trailer is too big, maybe you should

be moving under the rock now.. DOW 15k by FEB 2012!!!! F* U*!!!

Tue, 06/28/2011 - 14:54 | 1409618 Bay of Pigs
Bay of Pigs's picture

I have a hard time believing you are making money as a trader when you can't even spell or form a coherent sentence.

I call bullshit.

Tue, 06/28/2011 - 13:16 | 1409282 CPL
CPL's picture

Please...if you base your numbers against infinity all numbers seem small.

Tue, 06/28/2011 - 12:40 | 1409194 SheepDog-One
SheepDog-One's picture

And DOW pop +100 on open......and parked for the day. Just another day in broken Kleptocracy USA.

Tue, 06/28/2011 - 12:47 | 1409210 bill1102inf
bill1102inf's picture

In short @ 11.74.

Tue, 06/28/2011 - 13:04 | 1409234 Godisanhftbot
Godisanhftbot's picture

 Warned ya, the only spread here is the shorts getting spread eagled.

 

 Many accounts just blew up

Tue, 06/28/2011 - 20:06 | 1410374 Devore
Devore's picture

What kind of idiot shorts something that's down 30%?

Tue, 06/28/2011 - 13:09 | 1409249 slaughterer
slaughterer's picture

SPRD turning green now... 

Tue, 06/28/2011 - 13:10 | 1409254 slaughterer
slaughterer's picture

Paulson & Co buying SPRD as revenge.

Tue, 06/28/2011 - 13:14 | 1409272 CPL
CPL's picture

Gone green and attempting to force a short cover "rally", I'm going to wait a minute when the forced cover happens.

Tue, 06/28/2011 - 13:27 | 1409296 Dr. Acula
Dr. Acula's picture

Who needs SEC / Sarbanes Oxley with these guys policing the market, and profiting!

 

Tue, 06/28/2011 - 13:30 | 1409324 dark pools of soros
dark pools of soros's picture

how long before muddy waters become a dark pool??

Tue, 06/28/2011 - 13:55 | 1409417 Greeny
Greeny's picture

Muddy, f*cking scambag, SPRD now down only 4%..

I hope he's arrested by now.

Tue, 06/28/2011 - 14:11 | 1409473 bill1102inf
bill1102inf's picture

Your last chance to get short before this one goes to $5.00

Tue, 06/28/2011 - 14:17 | 1409497 Freddie
Freddie's picture

Money manager and newsletter guru Louis Navalier loved this POS ChiCom stock.

Tue, 06/28/2011 - 14:58 | 1409642 trainrobbery
trainrobbery's picture

Wow just look at the intraday July $11 puts.  Somebody got hosed on these...I just bought in at $1.7.  Muddy's game will come to a screatching halt if he is wrong just once.  He always seems to know more than what is actually in the report, but doesn't publish it because then the SEC would come after him.  The problem is Wall St. Types DON'T RESERACH they look at documents that auditors "approve."  I've been to China, "ethics are good business" doesn't translate.

Wed, 06/29/2011 - 02:14 | 1410850 bakken
bakken's picture

This is a steal.  You suckers just can't see what a good stock this is.  We just loaded up on $20 calls,  MW is certain to  be wrong this time!  And I am happy to say it was all client money not ours!

Wed, 06/29/2011 - 08:36 | 1411209 rcaldwell00
rcaldwell00's picture

hope the shorts covered....I'm all for exposing companies and starting debate but this report was awful and anyone with rudimentary knowledge of the company and its history was buying yesterday...... and....isn't this stock price manipulation?   Leo just smoked the shorts......divy and the buyback...ouch....

Wed, 06/29/2011 - 08:43 | 1411234 rcaldwell00
rcaldwell00's picture

if your short better cover after the earnings release, once the blackout period is over they are going to jam the stock up w/ the buyback....$100mln on this float is painful........bye bye carson, hope he covered down 35%....hope he goes to jail w/ the rest of the manipulative bull$hit that goes on in this tape.....

Wed, 06/29/2011 - 08:43 | 1411237 rcaldwell00
rcaldwell00's picture

if your short better cover after the earnings release, once the blackout period is over they are going to jam the stock up w/ the buyback....$100mln on this float is painful........bye bye carson, hope he covered down 35%....hope he goes to jail w/ the rest of the manipulative bull$hit that goes on in this tape.....

Wed, 06/29/2011 - 08:40 | 1411238 rcaldwell00
rcaldwell00's picture

if your short better cover after the earnings release, once the blackout period is over they are going to jam the stock up w/ the buyback....$100mln on this float is painful........bye bye carson, hope he covered down 35%....hope he goes to jail w/ the rest of the manipulative bull$hit that goes on in this tape.....

Wed, 06/29/2011 - 08:44 | 1411240 rcaldwell00
rcaldwell00's picture

if your short better cover after the earnings release, once the blackout period is over they are going to jam the stock up w/ the buyback....$100mln on this float is painful........bye bye carson, hope he covered down 35%....hope he goes to jail w/ the rest of the manipulative bull$hit that goes on in this tape.....

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