Keep going down .... I really hate to see the weak longs hanging in KNDI. It is totally ridiculous how that stupid article yesterday still can affect this stock !
Lots of buying/rebuy tomorrow morning because that SA article is invalid and digested by many as nothing more than a shot attack. Investors/traders should know better by now not to value anything coming out of Bloomberg and SA .... nothing but trash ! Tomorrow, KNDI will zic zac for the first 15 minutes or so then fly high. Business as usual guys ! I'm very surprise how fragile the market can be and how easily people can get panic. KNDI will hit $30 in a matter of weeks.
Sentiment: Strong Buy
Right on bsx ! At least longs seem to be more logical than the shorts. All Carson's followers have 3 things in common: evil, stupid and illogical.
This message is for the general audience: Don't cry and don't be a chicken zhit .... hang in there and earn big. You don't have much to lose at this level ($4.xx). Looking back 2 months from now you will bang your head and call yourself stupid for not buying more of NQ shares. I currently have 47,000 shares accumulated and not worry. Don't get me wrong, that is 80% of my porfolio and a very big chunk of my money. Don't call me stupid for betting so big on NQ .... I'm one of those who want to go big or go home ! Why am I going big with NQ: I did my DD, special audit is done, and do not believe a word Carson Block claimed.
VERY STRONG BUY at this level !
Sentiment: Strong Buy
I would punch the nose of any short right now if I see them on the street. Unethical and lying baxters !
Nothing ! This system is built that way ..... There are thousands of Carson Block out there and SEC is not going to do a damn thing ! If you do something wrong then SEC will be after you, but not guys like Carson .... that's how it goes.
There is nothing longs or SEC can do to this baxter. Just burst his nose if you see him in person. SEC is not going to do a damn thing about him. There are actually thousands and thousands of crooks like Carson Block, but SEC can just kis their behind. The system is built that way .... screw the SEC.
They came out to announce what is actually happening to the audit as we have been asking for (with the exception that they can't specially mention about the content due to legal reason). They took action to fire the auditing chair because she could not do her job right in pushing for the release of the the 20F. They are now replacing her with the 2 new execs who will try to do the job right ! We need to give NQ some more time given the fact that they have to deal with the unreasonable request from PwC (I say "unreasonable" because it doesn't make sense for PwC to act in this manner after 4 years in the work).
NQ last Thursday PR should be intepreted as good news for the longs. After all, this was exactly what we long demanded for NQ to take action and come out with a PR regarding what is hapenning internally and they did just that ! They fired the auditing chair because she could not do the job right to push for the release of the 20F and replaced her by the two new execs who will try to do the job right !
I believe NQ will fire PwC as soon as the 20F report is out. There is no way to continue to do business with an auditor like PwC. PwC is damaging itself for doing this to NQ, period. I say it would be OK for DT or other auditor to have this kind of action, but not PwC.
I think that is why NQ was using the word "considering" for the further request. Perhaps you are right, PwC demand for additional procedures is beyond the scope the the annual audit signed between the two. I'm just wondering what is the actual motive from PwC in this whole thing. It is totally illogical for PwC to do this, especially they have been NQ's auditor for the last 4 years.
Muddy Water never had any sense in this. Carson Block doesn't have any facts and logic to support claims. The most imprtant thing to remember here is that DT audit mentioned no fraud and that all cash and business transactions are verifiable ! If you have any brain, not a word Carson said makes sense.
Who should you believe, Deloitte or the shorts bashing ? It's your call !
Think about it ! It doesn't matter what the shorts are bashing, NQ most likely will come out with a clean report. In worst case scenario, there will be some minor corrections to the internal control. Don't forget the fact that DT has proven that all NQ cash and transactions are verifiable and it's NOT a fraud !
Looking back few weeks from now, you will find that NQ is such an easy double at this price level ! Live and learn.
Sentiment: Strong Buy
I true believe they will ....let's see. Either way, there will be a rebound coming next week. NQ has pretty much reached its bottom !
Like I said, just wait and see. I truely believe that those who believed a word Carson Block said are the real idiots. Carson Block never has any logic or facts to support his claims. He just happen to be a lucky charm in this case with the share price going down, but there won't be any thing near fraud at the end.
I DO NOT think so ....especially after DT special audit report ! They are not crazy enough to announce the "no fraud" verdict knowing PwC will go through their work at the end. Don't forget all the real deals NQ has with Sprints, Samsung, China Mobile and other big players.
I guess you have never bought any stock at the bottom ? You don't lose until you sell and you don't sell a stock in panic mode if it has solid fundamentals.
Or you will lose your pants if NQ comes out with a share buyback announcement ! All it takes is a 2 or 3 day pops to above $7 and you will lose everything you have hoped for. At this level, you got a lot more to lose than earn.
It seems that the shorts are claiming victory before the game is over ! Watch and learn shorts .... You will get burned much faster than the longs soon.