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Focus Media Holding Ltd. Message Board

  • jlad14 jlad14 May 22, 2012 3:10 PM Flag

    No bounce on denial of rumor

    that goes to show you just how weak this thing is.

    If it had any real smart money buyers it would have surged after people realized that the chanos story is untrue.

    The market is somewhat efficient when it comes to info like this.

    If the masses can look up a rumor and dispel it as matt berry and i have then the whole market can do it.

    Here the rumor went bust and the stock has no life.

    shows very strong underlying weakness. essentially the company had a dead cat bounce yest right into the ten day MA and a huge volume sell off today.

    gl to all