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Focus Media Holding Ltd. Message Board

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  • matt.berry01 matt.berry01 Mar 27, 2012 4:03 PM Flag

    Hogs-asia taken

    I agree with you there and for the record, I have posted elsewhere that if FMCN and QIHU pass their audits then it could be very bad news for shorts.

    However, FMCN and QIHU have had a very steep run up in price, are due for a pull back, and there will probably be frauds exposed in this area of the market over the next few weeks.

    I have also been watching YONG from a distance (no position). Auditor signed off 2 weeks ago but the stock is collapsing anyway:

    So it's not a given that the prices will skyrocket if Deloitte signs off on the audits .... they could still tank, given the strong cases against both ... but I wouldn't short a stock based on this weak possibility. (The SEC, PCAOB, and presumed Deloitte-main pressure on Deloitte-PRC was the main reason I passed over other solid short candidates and opted for these two.) So, I'd have to agree with you that if the 20-F gets filed with Deloitte's signature then I will have either lost my bet or been merely lucky (while getting the "takedown" scenario wrong).


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