BTW, I'm posting this excerpt from that article for all here to see. Does this remind you folks of anyone???? Thanks again, pudslap, for the post:
"On virtually every stock investor board, there are numerous unfounded postings about fraud put up by people trying to cheapen the share price so they can buy in. I see these all the time and don't take them even slightly seriously. The report by Muddy Waters obviously took months to prepare, was very coherent and was 30 pages long and widely disseminated. This is substantially different than a simple baseless fraud claim on an investor chat room.
So to repeat, be very afraid of the professional organized short attack but ignore the random "F" word that is often bandied about in chat rooms. Any serious short seller isn't going to rely on Yahoo! Finance to get his message across."
Well think about a smaller stock with a small float and low volume and a retiree sitting at home with 50-100K to play stocks with. now multiply that by 5 million. Not saying that's the case everytime but let's not fool ourselves into thinking that some people don't make investment decisions based on chat rooms, blogs, newsletters etc - cuz they do! As unfortunate as it is when investors are playing with smaller stocks or don't really have a serious fear of loss because it's their "play" money they tend to just throw poo at the wall and see what sticks. Maybe even a few of us have done it... ;)
I've certainly seen plenty of boards where posters are essentially making up lies about a stock and typing in all caps that the next earning report will be bad etc. Why do you think they do that? Because they're so concerned about the portfolios of complete strangers. Nah - they have a vested interest in seeing the stock fall.
Anyways - anyone have an opinion on this new YONG partnership w Farmer's Daily? Or is it just a trivial news piece to keep them in the headline column. My guess is the latter.