I find it amazing how many people fault Cramer for bad positions. He says do your homework. He is one of many sources for information. If I buy something he recommended, is my making or losing money because of Cramer? No, I made the decisions of what to buy or sell in my account. I deserve the credit or the blame for decisions involving my account. If you don't think Cramer is a good source of information, don't listen to him. I'll be putting a buy in on VEEV. I still need to decide on my bid price.
If MW Report was true, how is NQ still trading? And actually going up instead of trading down to pennies? If MW report was not true, has anyone filed suit against MW? If NQ is not a fraud, wasn't the MW Report stock manipulation and against the law? Is anyone getting prosecuted here?
What is the reason for the F? If it's because they get people to pay their mortgage, that would be a good reason to invest in this company. Afterall, what good would this investment be if they weren't getting people to pay their mortgage? So, again what is the reason for the F?
During this, I saw a number of moves to sue NQ. Has anyone filed to sue MW? In particular, If NQ response is real then MW report was obvious stock manipulation. Has SEC started an investigation against MW?
Does anyone know at what price YELP's secondary shares are being offered? And the intended use of the money? The answer to these two questions are key to my decisions regarding dilutive effect of the secondary and what to do about it.
The only legal action I've seen so far was a law firm looking to do a class action against NQ.
You could be right, about Tuesday and if you are I'l triple my investment. Too much out there says MW is wrong. Only time will tell.
I did not sell and unless there is news that Morgan Stanly and Deutche Bank give millions to nonexistent companies, I'll wait to see how the story ends. Short of news confirming that MW is right and not just pounding NQ to make money on a short position, I'll likely double up.
While I don't know the rules in China I'm pretty sure that any auditor reviewing a company's accounting practices only (not likely in my opinion) would qualify their opinion if the company was as MW describes. Lack of due diligence can get an auditor sent to jail in this country.
Monday 10/28/2013 IBD Article "NQ Mobile Keeps Falling After Denying Fraud Claim" includes a number of positives including Wedge Partners analyst Jun Zhang...released a report in June when NQ faced claims from a different short-selling firm.. said he stands by his report that concluded "NQ Mobile is legitimate." The article also says that NQ completed a sale of $172.5 million in convertible senior notes to Morgan Stanley and Deutche Bank Securities with an option to buy more. There's more in the article if you care to got to Investors Business Daily and read it..
I find it hards to believe that banks such as Morgan Stanley and Deutche Bank would loan a company in the condition MW states any money much less $172.5 million. I also find it hard to believe that an analyst would double down if his report was shoddy. Bottom line I can't believe Morgan Stanley and Deutche Bank gave out $172.5 million without doing due dilligence. Unless something happens in the meantime, I think i'll put my money on them and double up monday or whenever if I can get NQ under $11. This is my gambling money and seems like a pretty good gamble to me.
I see a lot of speculation and opinion going both ways here. Does anyone have any facts? Who audits NQ and what was in their reports? What did NYSE look at (normally a pretty high sandard to get on NYSE) to put NQ on the NYSE? What did IBD, Seeking Alpha, Motley Fool, etc. have for their support of NQ? What did the Mutual Funds look at before including NQ in their portfolios? Is MW a good research firm or a short sell house that shorts a stock and then pounds it for their own gain? I would like to see some factual information soon. But it would seem to me NQ officials would have to be pretty good fraudsters to fool all those in a better position to know about NQ than I am.
All I can say is some one is guilty here. If NQ is legit, MW people need to be tried, convicted and sent to jail. If MW is telling the truth then some NQ people should be tried, convicted and sent to jail. It would seem to me that one or the other must be Guilty of a crime.
Stocks are the best chance for ordinary people to achieve financal independence. It is a challenging endeavor but with hard work and perseverance to work through the setbacks very rewarding. You can only work so much per week. Your money in stocks works 24/7. If you don't like the roller coaster of small stocks move to more solid safer dividend stocks but don't stop investing.
I saw what QIhu was gaining and am pleased with the growth. I also expect BIDU to slow due to it's size. What I have not seen is what you stated that NQ and QIHU growth is coming out of BIDU's hide. Do you have support for your statement? And by the way, when someone has to stoop to name calling it usually means that they can not back up what they say with facts.
I own shares in all three. I would be interested in your sources and if your statement is factual, how much share is BIDU losing to NQ and how much to QIHU? While I know they are gaining share, I don't know how much they are actually hurting BIDU if at all. I may be wrong but it would seem to me that there is a large enough market in China for all three to grow massively before one must lose for another to gain.