Muddy Waters Releases 80 Page Report Disclosing Latest "Strong Sell" Target: Focus Media (Nasdaq: FMCN)

Tyler Durden's picture

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tallen's picture

I'm in for short 1k shares. Good luck everyone! DOWN WITH THE Fraudulent RTOs


[Edit] Right before it went HTB too. Epic

flacon's picture

Wasn't Muddy Waters totally wrong regarding Silver Standard Resources? Perhaps Muddy Waters is owned by the US Government...

tallen's picture

I think you mean SVM and no, the stock price of SVM has dived since. FMCN is a fraud, simple. Buy some puts while you can.

I've talked with Carson Block before, he's a fantastic entrepreneur. He travels China looking for companies overstating their earnings and releasing their findings.  Go look what happened to CCME

Captain Benny's picture

Carson Block was absolutely wrong on Silvercorp and the KPMG audit proved it.  Pretty sad people still give him so much respect.

dlmaniac's picture

Muddy water has no credibility any more.

flacon's picture

Tallen, you are correct, I meant Silvercorp Metals, not Silver Standard Resources. However didn't I read that SVM was found innocent of those Muddy Water (or anonymous) attacks?

tallen's picture

Oh sorry my bad, yeah the audit by KPMG was right on SVM. But price action does suggest otherwise.


Also, up $6k atm. Happy thanksgiving everyone

object_orient's picture

Pfft. I make that much in a year.

slaughterer's picture

Fidelity must be paying Muddy Water to put together these hit pieces--look at the recent changes in Fidelity holding of FMCN

gmak's picture

It had a high may 2, 2011 of 37 1/4; and a low on Oct 3 of 16.33 - It looks like there was a bunch of short covering and a bounc up around 27. Latest price suggests that most of the meat is off of the bone.

gmak's picture

Looks like I was wrong. There was quite a bit of meat left and the piranha have had their fill. Wow!


Mea Culpa.

yabyum's picture

Muddy waters & Howlin' wolf great blues players. With all this wonderful news....Damn right I got the blues.

firstdivision's picture

People seem to be buying off the public release of this report. LOL!

Some analyst and portfolio manager are having a reeeeally bad day at Citadel.

ItsDanger's picture

I always hated FMCN and didnt trust their #'s.  But its a long hard road shorting some stocks and I abandoned it yrs ago.

JW n FL's picture



Pennies from Heaven!

Free Money!!

More for secruing less! how long until that trips us all up?

I could go on but why? trained rats do what they are trained to do!

jiggerjuice's picture

if you go to a first tier chinese city... say shanghai or beijing... you'll see focus media screens in front of EVERY elevator fucking EVERYWHERE. if they are lying about how many screens they have up, it's just because they've already superdupersaturated every possible place you could put one. seriously. in front of apartment building elevators at EACH tower in the complex. in every bank, every hotel, every fucking where for real. i saw one on a bus once. also in the passenger side headrest of taxis so the backseat people can see.

i always found it annoying. some of them have sound now. some of them also spit out coupons. the ads are inane, which is on par for chinese advertising.

dont know anything about the company itself, but it would be good for people's eyes if they would go away.

MoneyScraper's picture

Any thoughts on NZT (New Zealand Telecom) -- down 20% on Chorus Ltd spinoff.  Div yield stands at 13.3% presently...

Arthur's picture

Stay away from NZT if you are looking to hold the stock.  There are many other better telecom stocks out there.

GittyUP's picture

Shorted 5k shares at $20 even.  ZH just made my thanksgiving!   Covered half at abouit $18 2 mins ago. 

tallen's picture

Nice work, I'm going to ride it all the way down. You should keep the other half!

GittyUP's picture

I did keep the other half and actually reshorted another 2k.  so still short 4500 shares at average $18.75 or so.   Getting me a big ole turkey!!

slaughterer's picture

From CCME to FMCN was not a hard leap to make.  MW is running out of ideas.  

bill1102inf's picture

MAny Vaginas missed it. As soon as that muddy waters sell reco hit your inbox, you should have gone short 60,000 shares (or whatever YOU can afford), and your account would be up 20% today+++++

bill1102inf's picture

Then you do it again at $16 and get out at $14, lol

shockadelika's picture

I had to chase the Dec 19 puts (I hate chasing...), got filled, already up $2.  I think I'll stick with this one for a few days/weeks.  Thanks Tyler, ZH.

bill1102inf's picture

If your JUST seeing this, at $12.xx I would suggest you NOT get involved short here

bill1102inf's picture


GittyUP's picture

stock halted LOL.  

Pig Brotha's picture


Bought 12/17 18puts at 1.45pts 12.41pm

Sold at 2.90 12:58pm


EZ fuckin' money, thanks ZH a donation is on the way.

bill1102inf's picture

damn brah, those are $8.xx now.. now $9.00 lol 

Pig Brotha's picture

Even when I win I loose...

Kat's picture

You're wrong to congratulate the outright shorts.  If the stock is closed, they can't get out of their shorts, but they have to pay the rebate (and I'm sure it's a neg rebate) on the last traded price.  So, if the stock doesn't open for trading, the outright shorts can't get out of their stock, but they're forced to pay to hold the position and they can very well lose everything they made on the stock in carry costs.

I can think of one story of a guy who was wiped out holding a short position while the stock was closed for several months and they jacked up the neg rebate to 100%. 

You're better off with options.

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