Just talked to somebody with some connections to hedge funds
Shared some interesting strategies regarding promotion stocks (BVSN, SYNC, VELA), but one sentence he said randomly I found relevant, that the funds are making a killing right now shorting "the china space."
Assume whatever you want from that, hedge funds are betting China stocks go down and they will probably do whatever it takes to make sure it happens.
Thanks for the look behind the curtain, Peregrine.
Please post any other tidbits that might float your way; I'll do the same.
Unless it's proprietary information, do you mind if I ask why you're so bearish on BVSN? I don't know the company at all, but I'm always up for a good investment, and I've got no moral qualms at all about shorting stocks to make profits (some oddball types do).
BVSN was a promotion stock promoted by the national inflation association, see my seeking alpha article "How to Profit off the National Inflation Association," the promotion is co-run by a man named Lebed and NIA, the stocks are pumped up to absurd highs, in BVSN's case, 55 dollars roughly and then it fell back to 8 where it started. The company itself is not important, although it made pretty consistent net losses for the last decade.Anyways, BVSN recently spiked up 40% and I got a short position in the high tens luckily and am riding it back down.
Lebed, NIA, Matula, and APS all have the perfect short scenarios with their million dollar promotions. Assuming you can find shares of the stocks, you can make a living shorting their picks.