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Strategies & Market Trends : Value Investing

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To: Mr.Gogo who wrote (41075)1/17/2011 1:23:00 AM
From: Jurgis Bekepuris  Read Replies (1) of 78464
 
The article may be somewhat interesting.

However, don't paint the shorts as saints that discover and publicize fraud. Shorts are worse than longs in presenting skewed, one-sided picture of any company that they short. They lie, they misrepresent information, they blow up any single issue into elephant size, they harass longs, they yell "fire" in every forum available to them and push for panic.

I am not saying the Chinese companies are clean. However, I've seen Waldo/Bird/Mushman/whatever-other-aliases operate on his sites, Seeking Alpha and Yahoo Boards and the picture is not pretty. While stock pumping presumably has some rules and limitations, stock dissing apparently is thriving no matter the methods.

So I'd say: be careful about Chinese companies, but also be careful about dumper shorts. I wouldn't trust either without making my own opinion. ;)
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