Why did i put money into a chinese company?
I just got in like 2 days ago. What are the odds.
Seems more like these muddy water guys are making a lot of money simply claiming companies are frauds.
Did anyone read the report? Does it seem like it could be true what they said?
Unfortunately it often is true enough - it doesn't have to be 100% accurate - any single serious accounting inconsistency is enough to kill the stock. The Muddy waters biz model isn't simply to crank out an unsubstantiated report and collect a ton of money in one day. They look for red flags in company reporting and investigate till something pans out. Then they gradually accumulate a short position over weeks or months, as they also accumulate devastating information about the target company. When they are satisfied with their short position, they release the report and cover quickly; even retail shorts are running a serious risk on this one.
Nothing out of China is legit. These phuxx are marketing milk and food that are killing and maiming their own. Why trust anything from there. We don't need them, even though Walmart would go out of business without the inferior goods coming from there. Good riddance. Maybe we can incite a boycott here Gogs.