Greenspan: Get ready for another taper tantrum
Another market disruption from higher interest rates is virtually certain, according to former Federal Reserve Chairman Alan Greenspan.
Big institutional holders will lose big...in this fraud
good luck... I am a day trader went long today and made money on VIPS I am worried about the other American who are investing in mutual funds other institution.
Please stay away form China stocks...
Fraud..............chinese government knows it.
Great chance to sell and lock the profit if you are an institutional holder
Any pop will be dump...and new shorts... Good time to short will be 5m after the bell tomorrow.
Fraud allegation = safe play = lock some profit
institutional holders will go BK if they ignore fraud...How they are going to sell 421.66 M shares?
SEC Charges China-Based Company and Top Executive with Inflating Financial Results through Phony Sales
Washington, D.C., Sept. 4, 2012 — The Securities and Exchange Commission today charged a China-based company and its chief executive with fraud for recording fake sales of a weight loss product to inflate revenues in the company’s financial statements by millions of dollars.
Trump: "China rips off US"
This all the Chinese companies are 100% hype.
VIPS is HYPE and revenue and earnings are 10X exaggerated....
will collapse just a matter of time when..
$vips $5 book value 0.72 c