So true, given his track record from what I've read he's lucky he even has a job and a home, but I guess given enough time like all greedy losers that to will disappear as well.
I think I'll wait until 3:30 today at least and see if the market confirms your analysis before adding any more shares myself.
So true, will slowly climb higher from here... The hedgies are just shaking the tree in order to knock the monkeys off.
For the most part you're right... Word is they covered most of their short position yesterday.
However, with millions of other shorts still in the game...the pickings are still good. NQ is destined to retrace back into the 20s and everyonee but the most ret@rded of the short/bashers on this BB knows that.
OK, Dan-Dan, my RET@RDED & whinny friend… The obvious point was that irrespective of today's trading HFs have been piling into this since Tues. So try saving your breath “genius”... You'll need it to blow up your inflatable date later.
Genius, the HFs are in this in the 20s... For example, billionaire HF manager Steve Cohen recently admitted on Bloomturd to that fact (google the article) and that he's now using the recent drop to reload...as am I and million of other new longs.
I'm up a little over 76% myself. Nevertheless, some will use today to park their gains which fine with me... There is nothing wrong with that, plus that will also eliminate overhead resistance once that is done making it easier for NQ to run up further into the 20s range again prior to earnings being released on Nov 12. Enjoy the ride friend and GL.
And what pray tell would be the premise for doing so, other than wishful thinking on your part and a compulsion to inflict more unnecessary financial pain on yourself?
Looks that way, market has turned negative again---now at the lows of the day, and yet NQ refuses to pull back... If I was short, I would definitely rethink this one for sure.
It's a hoax of course. Created by someone who was very #$%$ with the Muddy Waters cretin.
Still I thought I should share. Enjoy.
"The Securities and Exchange Commission has charged Carson Block and Muddy Waters LLC in a stock manipulation ring that allegedly published false information, causing a drop in the market prices of at least three stocks and generated more than $240.2 million in illicit profits when they sold shares short then repurchased the shares after a significant decline on the market." Bottom line - in Communist Amerika, if you publish research that is proven true, and profit on it, you are a criminal. That said, there is a chance this could be a hoax as it is only hosted by Briefing Wire, so take it with a pinch of salt: it very well could be the work product of a former buy or sell-side Chinese forest "analyst" with a lot of free time on their hands.
From Briefing Wire:
Litigation Release No. 21053
The SEC alleges that Carson Block, who resides in Hong Kong carried out the market manipulation schemes with others he met through a stock web site, which is operated by Matthew Brown of Aliso Viejo, Calif. Block, Brown, and other participants in the schemes often timed the manipulative trading to coincide with false or misleading press releases issued by Muddy Waters LLC. The three companies were Sino Forest Corporation, Duoyuan Global Water Inc., and Orient Paper Inc.
“As we allege in our complaint, Carson Block and his accomplices around the country met through the Internet and planned to short sell the stock in the companies prior to release of the Muddy Waters Report that made allegations of impropriety, fraud, and theft. Carson Block and his associates approaches several large hedge funds and investment firms first to market their “research” and promised great returns upon the release of their “research”. The results for each of the companies that were targeted were catastrophic and have resulted in a serious loss of market value and public trust in the management of these companies. ,” said Scott Friestad, Deputy Director of the SEC’s Division of Enforcement. “Carson Block went so far as to himself write some of the misleading press releases that denigrated these stocks so they could line their own pockets with hundreds of millions of dollars.”
The SEC’s complaint, filed in federal district court in Delaware, charges six others in addition to Carson Block:
According to the SEC’s complaint, these fraudulent schemes generally followed the same pattern. In 2010, Carson Block and his accomplices arranged for large blocks of shares to sell on the open market. The vast majority of the shares sold short were done through the accounts of Muddy Waters LLC for the personal benefit of Carson Block. The defendants then notified the hedge funds and investment firms of their intention to publish their report and were paid approximately $2.7 million dollars for “research” supplied by Muddy Waters LLC. As a result shares were sold short in the days immediately prior to the release. After artificially deflating the market price of the stocks, Carson Block and his accomplices then recovered the shares the sold short on the open markets and collected the illicit proceeds.
The SEC’s complaint alleges violations of the antifraud, registration, and other provisions of the federal securities laws. The complaint seeks to have the court permanently enjoin each defendant from future violations, require disgorgement of ill-gotten gains with prejudgment interest, and impose financial penalties. Additionally, the Commission seeks to have certain defendants barred from participating in stock offerings.
Complete article available at SEC newswire.
$14 by Fri.
1.) Q3 2013 NQ Mobile Inc. Earnings Conference Call Tuesday, November 12, 2013 at 8:00 p.m. ET
2.) NQ Mobile Inc. Investor Day Tuesday, November 19, 2013 at 1:00 p.m. ET
In case anyone here is interested.
Still going to wait and see what MA reports tomorrow and then I'll either buy the drip or short both... Besides this market is way overdue for a serious correction--especially the fad stocks FB, LNKD, etc... So tomorrow should be interesting to say the least.