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NQ Mobile Cut In Half In Minutes Following Muddy Waters "Strong Sell" Report

Tyler Durden's picture




 

While the recent track record for Muddy Waters has been uninspiring, their "strong sell" report on NQ Mobile this morning has garnered attention since it has halved the stock's market cap in minutes. NQ is now down 50% on the day having been halted numerous times. Still, if you feel like catching this knife, a full 5 out of 5 analysts that cover the stock have 'buy' recommendations with Topeka's Fred Ziegel topping the list at $33.50 (a 200% rise from current levels). Full report below...

 

 

MW_NQ_10242013.pdf by zerohedge

 

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Thu, 10/24/2013 - 13:51 | 4087136 fooshorter
fooshorter's picture

Wait till they do this to the S&P500.

Thu, 10/24/2013 - 13:57 | 4087162 James_Cole
James_Cole's picture

NQ is a massive fraud. We believe it is a “Zero”.

Strong buy? Opps.

Thu, 10/24/2013 - 14:16 | 4087210 Say What Again
Say What Again's picture

Who cares about NQ Mobile?   Now NQ, the futures, is a different story.

ES and NQ are up 9 days out of 11.  ES and NQ have a CAGR anywhere between 30 and 50% depending on your time frame.  The bernank will be printing untill the end of time.

 - and I have a new iPOS

Now I'm going to lay in bed and watch my recordin of Dancin with the Stars on my new 60" TV.

Thu, 10/24/2013 - 14:47 | 4087412 Divided States ...
Divided States of America's picture

Guess who is ready to take advantage of this NQ mess? The ROSEN LAW FIRM....these fuckin cheesepopes have something ready for all money grabbing initiatives, took them less than an hour to get this started

 

 

Thu, 10/24/2013 - 14:36 | 4087364 dracos_ghost
dracos_ghost's picture

So ya think Muddy Waters could get into Beijing to review the financials to verify their claim?

Thu, 10/24/2013 - 15:01 | 4087474 max2205
max2205's picture

They should have tweeted it like Icann

Thu, 10/24/2013 - 15:29 | 4087628 slotmouth
slotmouth's picture

They did.

Thu, 10/24/2013 - 21:23 | 4088732 Godisanhftbot
Godisanhftbot's picture

 you can bet your chopsticks they had their pockets stuffed with putz and short positions.

Thu, 10/24/2013 - 13:52 | 4087140 insanelysane
insanelysane's picture

Those knuckleheads at Muddy Waters are still looking at fundamentals.  That is so 1900's.

Thu, 10/24/2013 - 13:56 | 4087156 Dr. Engali
Dr. Engali's picture

BTFD....Fundamentals don't mean shit in a market controlled by robots.

Thu, 10/24/2013 - 14:15 | 4087231 Say What Again
Say What Again's picture

You have a typo in your message

.... "Fundamentals don't mean shit in a market controlled by THE BERNANK."

 

Fixed the typo

Thu, 10/24/2013 - 14:33 | 4087342 Save_America1st
Save_America1st's picture

What?

 

/snikker

Thu, 10/24/2013 - 14:11 | 4087208 Cognitive Dissonance
Cognitive Dissonance's picture

In this 'bidness' a "Strong Sell" means you should have sold days, even weeks ago.....thus you are the greater fool.

<I can't wait until the report revision comes out saying "Whoops, our bad. Typo. We meant Strong Buy".>

Thu, 10/24/2013 - 14:13 | 4087217 ZeroPoint
ZeroPoint's picture

Wait, why is this stock being halted? Is every stock now too big to fail?

Thu, 10/24/2013 - 14:28 | 4087306 ShrNfr
ShrNfr's picture

Actually, halts on imbalance used to be reasonably frequent even when the market traded in 1/8ths.

Thu, 10/24/2013 - 14:36 | 4087361 Let them eat iPads
Let them eat iPads's picture

Hey China, Hu Yu Fulin?

Thu, 10/24/2013 - 15:00 | 4087462 toros
Thu, 10/24/2013 - 15:01 | 4087470 orangegeek
orangegeek's picture

When was revenue and profit a factor in pricing shares?

 

Damn Muddy Waters bastards!!!!

Thu, 10/24/2013 - 15:03 | 4087481 starman
starman's picture

I love it!!! Cramer; buy buy buy!! BTFD!!

Thu, 10/24/2013 - 21:21 | 4088729 Godisanhftbot
Godisanhftbot's picture

 look how few comments. yawwwwwn.

 i say many times, if its chinese its crooked.

 old news,

 in fact block used a 2011 video .  its all ancient history.

 

 

 

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