Game Over Sino Forest

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Fri, 08/26/2011 - 09:38 | 1603659 Flakmeister
Flakmeister's picture

My, my, how the mighty have fallen...

How the fuck do you loose $500,000,000 bucks on something like this?

Fri, 08/26/2011 - 09:39 | 1603668 VisualCSharp
VisualCSharp's picture

Simple, you just untie it.

Fri, 08/26/2011 - 09:41 | 1603681 TheTmfreak
TheTmfreak's picture

Can't wait to see a Muddy Waters "we told you morons" article.

Fri, 08/26/2011 - 09:51 | 1603739 Fish Gone Bad
Fish Gone Bad's picture

Muddy Waters.  Upstanding citizen, patriot.

Fri, 08/26/2011 - 09:59 | 1603749 hedgeless_horseman
hedgeless_horseman's picture

Here's to you, Carson.

Gan bei!

Fri, 08/26/2011 - 10:04 | 1603794 oogs66
oogs66's picture

here's to you ontario sec commission - better late than never like our own sec

Fri, 08/26/2011 - 10:15 | 1603837 John Law Lives
John Law Lives's picture

I don't know what brand of drink that is, but it looks refreshing!

If it were Talisker 10-year Distiller's Reserve Single Malt Scotch, I could go for a dram.

Fri, 08/26/2011 - 10:15 | 1603906 TheTmfreak
TheTmfreak's picture

I have a bottle of 18 year Yamazaki single malt calling my name at home. Perhaps i'll have a dram of it tonight....

I keep trying to tell myself to quit drinking, but every weekend i forget about the previous weekend and just remember how much i love the taste of great drinks.

Fri, 08/26/2011 - 11:02 | 1604246 Smiddywesson
Smiddywesson's picture

Youngster.  If it's only weekends, you have 20 more years of hard drinking ahead of you.

Cheers!

Fri, 08/26/2011 - 09:53 | 1603744 ManufacturedOpinion
ManufacturedOpinion's picture

Muddy Waters is da bomb.

What great analysis they produce.

Almost as good as ZH itself!

BTW ... SPRD (another muddy waters target) is ripe for shorting (again).  Just reach in the till and take out a few dollars for yourselves.  Be careful though - it's one of the most manipulated stocks on the planet, methinx.

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The only thing the USA manufactures these days is YOUR OPINION !!

Fri, 08/26/2011 - 09:58 | 1603768 Careless Whisper
Careless Whisper's picture

how many of these "analysts" who held Sino Forest at a "Buy"...  have been fired?

fired? bwahahahahaha. how many have been promoted for getting suckers to buy the stock?

 

Fri, 08/26/2011 - 10:02 | 1603782 pods
pods's picture

Best tagline ever!

Fri, 08/26/2011 - 11:44 | 1604451 JW n FL
JW n FL's picture

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Fri, 08/26/2011 - 09:41 | 1603683 brew
brew's picture

muddy waters...

Fri, 08/26/2011 - 09:44 | 1603703 InconvenientCou...
InconvenientCounterParty's picture

Ask Warren Buffet after today's close.

Fri, 08/26/2011 - 09:50 | 1603733 Flakmeister
Flakmeister's picture

Ouch....

Fri, 08/26/2011 - 10:01 | 1603778 DaveyJones
DaveyJones's picture

con men are more renewable than trees

Fri, 08/26/2011 - 12:03 | 1604526 russki standart
russki standart's picture

Sino Forest reminds me of the BreX scam in many ways. In 2005, I asked one of my friends if I should play Sino Forest. He suggested that it may offer good trading opportunities, but it was a pure pump and dump play.  Like BreX,  Sino was likely to be a quick play to separate suckers from money, but the scam far exceeded the expectations of the most optimistic players.  What I find amusing is why anyone would invest in any of the chinese fraudcaps in the first instance. A superficial due diligence of their markets would reveal that most listed companies routinely exaggerate assets, conceal blatant conflicts of interest, and inflate earnings.  It is just the way they play given rampant government corruption.

Fri, 08/26/2011 - 09:38 | 1603661 vast-dom
vast-dom's picture

Fired? Are you naive TD? Unless I missed your //sarc/ ?

Fri, 08/26/2011 - 09:39 | 1603666 lolmao500
lolmao500's picture

And?

Fri, 08/26/2011 - 09:39 | 1603667 augie
augie's picture

give it a name...

Fri, 08/26/2011 - 09:41 | 1603682 malikai
malikai's picture

Dogshit?

Fri, 08/26/2011 - 09:44 | 1603698 augie
augie's picture

horseshit

Fri, 08/26/2011 - 11:45 | 1604454 JW n FL
JW n FL's picture

DIPSHIT!

Fri, 08/26/2011 - 09:40 | 1603673 uninspired
uninspired's picture

never had this happen to me before... what happens to my short position?

Fri, 08/26/2011 - 09:50 | 1603735 foofoojin
foofoojin's picture

The same thing that always happens. Your children will pay for it.

Fri, 08/26/2011 - 09:50 | 1603737 foofoojin
foofoojin's picture

The same thing that always happens. Your children will pay for it.

Fri, 08/26/2011 - 10:39 | 1604100 Panafrican Funk...
Panafrican Funktron Robot's picture

If you sold a call, you keep the money.

If you bought a put, you're shit out of luck.

Fri, 08/26/2011 - 09:42 | 1603688 Long-John-Silver
Long-John-Silver's picture
ALLEN CHAN found shot in head, will be buried at sea. 

/sarc/

Fri, 08/26/2011 - 09:42 | 1603689 ManufacturedOpinion
ManufacturedOpinion's picture

HAHAHAHAHAH - SEE NO FOREST - HAHAHAHAHAHAH.

funny as hell.

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The only thing the USA manufactures these days is YOUR OPINION !!

Fri, 08/26/2011 - 09:55 | 1603757 EscapeKey
EscapeKey's picture

Lots of porn as well.

Fri, 08/26/2011 - 10:06 | 1603814 DaveyJones
DaveyJones's picture

that's why our economy is simply jacking off

Fri, 08/26/2011 - 09:42 | 1603690 I Told YOU So
I Told YOU So's picture

"Also, as a reminder, how many of these "analysts" who held Sino Forest at a "Buy" as of June 3, or the day before the Muddy Waters report, have been fired?"

analysts positive reccos are a very good contrary indicator when a security is going down, their customers shorted the stock on the way down and now they need to unload the stock to the stupids that actually trade using the analysts.

Fri, 08/26/2011 - 09:42 | 1603692 The Axe
The Axe's picture

well done Tyler, and muddy

Fri, 08/26/2011 - 09:43 | 1603697 snowball777
snowball777's picture

Tiimmmmmmbbberrrr, bitchez!

Fri, 08/26/2011 - 09:45 | 1603704 OuaisBla
OuaisBla's picture

Can't wait the resume of operation to Short Sino forest.

Oh... maybe I won't be allowed to short a penny stock ...

Fri, 08/26/2011 - 09:49 | 1603705 SheepDog-One
SheepDog-One's picture

But does the delegation from China still get to keep the Wu Tang Clan?

Fri, 08/26/2011 - 10:01 | 1603776 brandy night rocks
brandy night rocks's picture

The game of chess, is like a swordfight
You must think first, before you move
Toad style is immensely strong, and immune to nearly any weapon
When it's properly used, it's almost invincible

 

Fri, 08/26/2011 - 09:45 | 1603706 eigenvalue
eigenvalue's picture

But SPRD, which MW suggested could be another fraud is still at $16. Higher than the price on the day before MW issued its open letter.

Fri, 08/26/2011 - 09:47 | 1603710 WiretapWilly
WiretapWilly's picture

Impossible.  Wasn't everyone just falling overthemselves about how awesome the Canadian banking sector was?  Those guys know what they are doing obv!

Fri, 08/26/2011 - 10:10 | 1603860 Terminus C
Terminus C's picture

You should have seen the stink the Canadian MSM made when this report came out.

"Oh, Sinoforest has been doing business in Canada for all these years. It is obvious that these allegations are false... Blah blah blah."

ZH information gets the Canadian MSM in as much of a tizzy as the US MSM. I think the reason for the Globe and Mail 'attack' on ZH was carried out because of Sinoforest as well.

Fri, 08/26/2011 - 09:47 | 1603711 irishlink
irishlink's picture

all these banks that are concentrating in Asia particularly China must now start scrambling. How many of these duds have they fought each other to finance? HSBC?

Fri, 08/26/2011 - 09:47 | 1603713 Larry Darrell
Larry Darrell's picture

I'm sure Tyler was busy and just forgot, so

 

TIIIIIIIIIIIIIIMMMMMMMMMMMMMMBBEEERRRRRRRRRRRRRRRRRRRRRRRRR!!!!!!!!!!!!!!!!!!!!!!!!!!!

Fri, 08/26/2011 - 09:55 | 1603758 orangedrinkandchips
orangedrinkandchips's picture

ok Larry,

 

I am trying to find a clip of a cartoon we use to watch as kids...it is the one of a dog- cant remember his name- but he is trying to kill some other character by cutting down a tree...he cuts it so it is about to fall....then takes the innocent look with his hands behind his back.

 

The funny part of it is he is like TIMMMM....ber. The tree falls on him but the sound of the voice is classic....the BER! is so nasaly it is hilarious...like it should be..the TIM is in regular voice but the BER is really as if the tree fell on him.....

 

it's hilarious and I cant find it....

Fri, 08/26/2011 - 09:48 | 1603715 HoardeBilly
HoardeBilly's picture

RUN FOREST RUN!

Fri, 08/26/2011 - 09:49 | 1603722 HoardeBilly
HoardeBilly's picture

Or even better:

<singing> Ohhhhh, I'm a lumberjack and I'm okay...

Fri, 08/26/2011 - 09:48 | 1603718 Pool Shark
Pool Shark's picture

Is it time to break out the:

DOW 10K hat again?

Fri, 08/26/2011 - 09:49 | 1603720 Ausperity
Ausperity's picture

Black Swan :)

Fri, 08/26/2011 - 09:49 | 1603723 I Told YOU So
I Told YOU So's picture

might be prudent to buy (hedge for gold going down hard after bernank) a few gll calls

Fri, 08/26/2011 - 09:52 | 1603745 SheepDog-One
SheepDog-One's picture

Gold will still recover nicely after chasing out the trader/speculators....remember, we have NOT printed any LESS no matter what the clownass says today.

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