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NU Skinned Alive: NUS Stock Plunges, Repeatedly Halted On Company Admission Of Chinese Investigation
After the Chinese news/rumors that pummeled NU Skin the last 2 days, the company has finally been forced to make a statement...
- *NU SKIN AWARE CHINESE REGS INITIATED INVESTIGATIONS
- *NU SKIN SAYS LIKELY NEGATIVE EFFECT ON CHINA REV
- *NU SKIN HAS STARTED OWN PROVINCE-BY-PROVINCE BUSINESS REVIEW
After being halted on news pending, NUS was re-halted upon re-opening, plunged further, and is now re-halted down $45 (39%. Herbalife (down 12%) and USANA (down 12%) are also tumbling on this news.
Bouncing now...
NUS Statement:
Nu Skin Enterprises, Inc. (NYSE: NUS) today issued the following statement in regards to its China business.
"We are aware that Chinese regulators have now initiated investigations to review issues raised by recent news reports. The government regularly monitors all businesses in this rapidly growing marketplace, and as is our practice, we will continue to communicate openly with regulators to address any questions they may have.
"As part of our ongoing commitment to comply with all applicable Chinese regulations, we have initiated our own province-by-province business review and will invite relevant regulators to provide guidance. Given the substantial growth in our China salesforce over the last year, we are also taking additional steps to reinforce our training and education efforts. As we work through this evolving situation and remain focused on long-term growth, there will likely be a negative impact on China revenue, but it is too early to know whether our previous guidance will be affected.
"We remain committed to working cooperatively with the government to ensure long-term, sustainable growth in this important market. Nu Skin has an 11-year history of doing business in China. We are dedicated to operating in full compliance with all applicable regulations as interpreted and enforced by the government of China."
Here's who is hurting the most...
But the analysts still love it..
Though getting out, or in may be tricky: 4 halts so far and counting.
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Where's Carl?
He's so Hot or Cold.
Just glad I have Nu Skin in the game...
if this product would reverse circumcisions i'd be all over it
MLM = "Multi Level Manipulation"
Right, if you're going to be so Tweet happy you should Tweet from both sides of your trade. I hear only crickets. What a fucking snake he is!
Market cap only 5 bill...icpt has the same cap with no revenue....thanks ben
Uncle Carl is on the phone with uncle George and uncle Warren.
It looks like Nu skin investors are going to need a New butthole.
Need one? It looks as though they are getting one whether they need it or not.
Markets are tearin' 'em a nu one.
I didn't even know they were in business any more.
I think my grandmother used to use that crap. I recall it smelled vaguely like crazy glue.
Pull it out? I think Icahn, I think Icahn! But then again, that's a mighty big train to pull.
There are no Nu skin investors, just momo chasers who say things like "It wants higher" and "Beast Mode".
Just buy the dip, it will be up 50% by the end of tomorrow.
Sheeit, it's already up 11% from all-time lows today (which was bought by some prop desk rhyming with Boldman Jacks, naturally).
Needs more floating pig.
i guess they didn't notice the giant pyramid on the back of our money. lulz
Look at HLF puts The Feb 50 puts (36 days to expiration) are going for $1.47 bid and $1.78 ask. Feb 70 puts are going for $6.25 bid $6.90 ask. The stock is at $71.84.
This is completely ridiculous
ya know, implied volatility???
Take another look now....
I am amused by how everything is done to prevent stocks falling in value, by that I mean all the HALT orders, but on the way up it can explode higher. So, I am always told about the free market in stocks, but then I see all the things put in place to prevent big downside moves, including halting all trading across the market. Manipulation by the Fed towards the upside, and all kinds of halts in place on the downside. How does this represent price discovery, as I am told that this is the function of the markets. To put real prices on resources, goods, services and stocks. Even Real Estate is manipulated by tax laws and interest rate maipulation. He who manipulates all this, seems to be the ones coming out smelling like a rose.
I wonder why professional wrestlers never have bruises. You'd think all that legitimate fighting would leave them visibly roughed up.
That's why I like watching MMA. There is nothing fake about that.
it is only halted long enough to direct the large sell orders over to the dark pools
I remember going to one of their bullshit MLM ponzi meeting 20 years ago when I was younger and stupider. Even then I could smell the fetid aroma of scam rising from their overpriced body goo.
Indeed. I'm a young man but I've encountered enough scams to last anyone a lifetime. Must come from having grown up in a liberal state (not that any community is immune). So how is it that so many millions are unable to smell the stench of scam? It's probably worse than the Wookie combined with a sewage processing plant!
WTF is 'NU Skin'? Do they steal and traffic organs or something?
Sounds creepy.
Anyone who has nodding acquaintance with American pyramid selling schemes - there are a lot of them - knows that it doesn't matter what they sell, only the way they sell 'em.
NUS, NSA, HERBALIFE - they all have more in common with those prolific letter writers from Zimbabwe, and the door to door Bible salesmen before them than honest traders selling their wares. I was persuaded to go to a 'seminar' when I was a kid in college and got the fuck out of there as soon as I figured out the pyramid scheme dressed up as marketing which took about 20 mins of open mouthed listening to desperate shysters giving amateur psychology tips on offloading crap to the next sucker and 'training' them to sucker others. I swear I almost went to the police to report this organised-criminal-like cabal, but since it was well attended by off duty policemen, I didn't see the point. I was such a naive kid.
I see the same people have found a new way to fleece people since my first run in with them 20yrs ago: IPO and stock market listing. Doesn't surprise me one bit.
Rather than see who all the fools are, I'd like a list of those short the stock....it would be a 'short' list so to speak...
Where's my helmet?
http://pyramidschemealert.org/nu-skin-facing-the-ultimate-whistle-blower/
Sandra Tillotson and Blake Roney are Mormons from Utah. (Remember Amway?) I presume Tillotson, as one of the co-founder of this thing, is a member of the Tillotson family rubber/latex empire.
Amazing that this kind of scam can go on, and even more amazing that people actually BUY the products! Is the entire S&P composed of multi-level marketers and pyramid scams?? Herbalife. NuSkin. and more?
Does anyone in America actually PRODUCE goods anymore?
GEICO is a pyramid scheme. That's why they advertize like mad to reduntantly remind us what everyone already knows, that 15 minutes could save us 15% on our car insurance. Spending all those premiums on expensive ads so they can get some more premiums and buy more expensive ads.
its when they circumbsise a little jewish boy , caled nu skin.