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For weeks, CHINA has risen exponentially all on hype over its upcoming IPO of one of its subsidiaries and yet I was consistently negative on it, successfully shorting this incredibly stinky wannabe (look at the fundamentals, horrendous…as is their time and again hyping of themselves as a “hot” internet company when in fact growth is slower than the movie Seven Years In Tibet) as you read about HERE and HERE or if you were a TIMalert subscriber
The degenerates on message boards spread hype and manipulation far and wide, helping CHINA’s stock surge nicely:
…but now that their turkey subsidiary IPO has fallen 20% on its first day (just about the worst sign I’ve ever seen that this is a smokeshow…aka any institution who got suckered into this should be tarred and feathered for they are incompetent), CHINA’s stock dropped too (party’s over folks):
…you see IPOs are all about putting on shows to make companies look good and convince others to buy into those stories…the fact that the underwriters couldn’t even keep this up on the single most important day of this company’s existence, well, it shows how overvalued the thing really is…imagine how it’s gonna act when there’s no underwriter calling in favors and trying to push in buyers (underwriters DO give up on lost causes)
…and that’s why I sent out an email to TIMalert subscribers that I’d shorted CHINA today…and if you were a TIMalert subscriber, you’d see more of my reasoning, and target price…SIGN UP HERE and stop being a sucker.
Tags: Manipulation
