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Strategies & Market Trends : Greater China Stocks

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From: Julius Wong	1/31/2011 7:19:54 PM
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A stirring debate raged in the financial blogosphere today: Is China MediaExpress Holdings, Inc. (CCME) another Chinese fraud? A report from little-known Citron Research highlighted some compelling arguments, which have been out there for a while now, for why one might be skeptical of the China MediaExpress numbers, while there have been several rebuttals from more reputable sources making even more compelling arguments for why CCME is not a fraud. Given the back and forth technical action of the stock today, though, it's hard to tell who is winning the battle, longs or shorts. One thing is for sure: CCME sure has the bigger guys standing in its corner, with Forbes China putting it at number one on its list of small-to-medium Chinese companies with greatest potential. minyanville.com

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