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Focus Media Holding Ltd. Message Board

  • real1614 real1614 Sep 10, 2012 8:48 AM Flag

    China companies join short seller counter attack

    The credibility crisis plaguing US-listed Chinese firms took a twist last week when first a group of Internet leaders and then another group of company executives launched attacks on the short sellers who sparked the crisis last year. While many of the earliest short seller attacks were based on real issues related to dubious accounting practices, the Chinese groups last week argued the recent attacks that have prolonged the crisis are unfounded and little more than ploys to earn fast money

    Sentiment: Buy

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