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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Mr.Gogo who wrote (41075)	1/16/2011 6:26:24 PM
From: Madharry	1 Recommendation Respond to of 78462

this is a pretty good writeup. I would also point that information like this keeps the price of decent chinese companies like GFRE down. fidelity owns a pretty good stake in gfre and they have a significant presence in china. I bailed out of llen after doing more dilligence and not being happy with the auditors letter for the last fiscal. Despite all of the hullabaloo I dont see investing in these companies as more inherently dangerous that investing in small stocks in the us or canada. the same due dilligence is needed.

To: Mr.Gogo who wrote (41075)	1/17/2011 1:23:00 AM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78462

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. ;)