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


To: Dan Meleney who wrote (42427)4/26/2011 4:38:05 PM
From: Dan Meleney  Respond to of 78516
 
GFRE...If GFRE, or any similar company, is truly a fraud, what is the benefit of them continuing the mascarade? Do they need time to pull cash out?



To: Dan Meleney who wrote (42427)4/26/2011 6:27:09 PM
From: valueminded  Respond to of 78516
 
Actually, some of the points the author brings up are discussed in the 10k. The way I play this is with calls. I was burned once in the chinese market so I don't buy the stock outright anymore. Basically they are either "0" or they are undervalued so I figure use calls. Lately, it seems like many more are "0". What is interesting is that the short interest in this stock was actually not that high (at least in March)

I am not surprised the stock reacted this way. It wouldn't matter if it was legit or not. The market is going to take just about any unsubstantiated reporting on Chinese RTO's as true.