"What do Orient Paper (ONP), China Biotics (CHBT), Duoyuan Printing (DYP), Doyan Global Water (DGW), China Green Agriculture (CGA), and Universal Travel (UTA) have in common? Aside from being China based companies with US listings, they have all come under fire of late from a well organized and relentless network of short sellers who believe they have uncovered fraud, and intend to capitalize on it."
"China Green Agriculture (NYSE: CGA): This fertilizer producer has recently had its numbers called into question. Again- there's no proof or investigation the numbers are fraudulent- simply unqualified authors who are getting their message out are questioning their reporting based on items in the financials they claim just don't make sense."
The hardest time for Chinese stocks reminder me of the financial stocks in March 2009... Some stocks have already been rocketing.
Funny the author doesn't appear to know each of the stock well enough, but he still wanted to go all the way to comment on them just to make his final point that he's long CCME. Funnies thing is CCME is probably the biggest scam ever, and the market sort of figured it out even without any "short attack".