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RINO Reopens For Trading, Down 66% To Celebrate An Endless Supply Of Chinese IPOs

Tyler Durden's picture




 

As more Chinese IPOs come to market in the US (thank you NYSE) providing an endless supply of surefire shorts for addition to the "Chinese Fraud" basket, that epitome of Chinese accounting perfection RINO has reopened, after a nearly one month hiatus, on the pink sheets... and is down almost 70%. Expect many more comparable "inverse fireworks" chart formations out of the recently IPOed Chinese crowd.

 

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Wed, 12/08/2010 - 10:59 | 788649 Matxeu
Matxeu's picture

Tyler- when will you compile and publish the 'basket?'

Wed, 12/08/2010 - 10:59 | 788654 Cookie
Cookie's picture

ZH is the only medium where i see this story

Wed, 12/08/2010 - 11:12 | 788701 Sniper
Sniper's picture

Because you are supposed to love China

Wed, 12/08/2010 - 11:15 | 788712 King_of_simpletons
King_of_simpletons's picture

From China with lots of hoax:

 

http://www.youtube.com/watch?v=0h7V3Twb-Qk

Wed, 12/08/2010 - 16:01 | 789744 Fish Gone Bad
Fish Gone Bad's picture

Youku and Dangdang are two more turds in the punchbowl. 

Wed, 12/08/2010 - 11:15 | 788713 chrisd
chrisd's picture

Really? This website (http://republicaninvestor.com/) always has good "content". There is typically a delay between when Tyler writes his article and when this guy "writes" his, but it is very informative.

Wed, 12/08/2010 - 11:25 | 788753 morph
morph's picture

You must have very poor reading and/or analytical skills.

A blind dog could see that the site you posted is just a feed of ZH.

 

Wed, 12/08/2010 - 12:53 | 789091 chrisd
chrisd's picture

You are not very good at picking up sarcasm are you? Might be the cause of your lack of friends.

Wed, 12/08/2010 - 11:01 | 788667 system failure
system failure's picture

Ben Shalom's Clone is needed in China along with henchmen, JPM and GS

Wed, 12/08/2010 - 11:10 | 788693 RobotTrader
RobotTrader's picture

Hedge funds still seem to be dumping resource plays and buying Irish banks.

IRE up another 12% today

Wed, 12/08/2010 - 13:33 | 789198 omi
omi's picture

I'm still waiting to load up on NBG, I know the day is coming, just not quiet yet; need to get all the sellers out of it.

Wed, 12/08/2010 - 11:14 | 788694 Spalding_Smailes
Spalding_Smailes's picture

Gold getting blowtorched over the last 24 ... Look out below.

Freefall

 

Turd ...? Gulp ... 1383 .... Its .... Crimex, JPMourge, Blythe .... Lol'

Wed, 12/08/2010 - 11:18 | 788721 tmosley
tmosley's picture

I lol at how ANY dip in prices is called "blowtorched" by morons these days.

By the dollar!  It's fireproof!

Wed, 12/08/2010 - 11:11 | 788699 RobotTrader
RobotTrader's picture

Youku.com IPO opens at $27 vs. $12.80 price

Youku climbs to $28.10 in public debut

Youku priced IPO shares at $12.80

Wed, 12/08/2010 - 11:12 | 788700 lizzy36
lizzy36's picture

OMG, you mean YOKU (the NFLX/Youtube of China) up 125% TODAY, Goldman sponsered and pushed, (last quarter had first even gross profit, despite operating margins of -34%) may be a bit over done here.

Shocking.

Wed, 12/08/2010 - 11:55 | 788905 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

I wonder how many of the fraudulent Chinese IPOs are being supported by the HFTs so they can ping them up and down earning big bucks. Of course the the IPO issuer makes a little through the offering. In the end, the Wall Street crowd knows these companies are duds?

Wed, 12/08/2010 - 12:31 | 789026 prophet
prophet's picture

For those who believe the whole list is doomed ONP is certainly giving you a nice entry.

Wed, 12/08/2010 - 13:22 | 789167 goldmiddelfinger
goldmiddelfinger's picture

BIDU came at $8.80 (adjusted for 10-1 split)

Put that in your AAPL I -hole or your GOOG An-tard

Wed, 12/08/2010 - 13:46 | 789243 Dburn
Dburn's picture

Ahh. Screwed out of my Nov Puts but nice surprise on my Dec puts. May RINO live in interesting times.

Wed, 12/08/2010 - 16:52 | 789936 Village Idiot
Village Idiot's picture

...and fuck rino.

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