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Career Resources
Sure which company is a complete fraud? FMCN? Muddy Waters? Both?
I shorted it yesterday when it was still about $20/share, made a killing when it collapsed and got out quick. I'm thinking about shorting it again though since it's back up to $17.
read the full report... its on their website (which has been hacked).
they have attached many documents proving some parts of the case that they're making. i haven't gotten around to read the entire report (80 page beast).
Yeah I made a good chunk of change on the collapse yesterday then doubled down and bought $12.50 Jan puts this morning. Today was painful but the more I dig into the MW report the more confident I am that the support won't last. My favorite has to be the $13 mm tugboat - those silly Chinese (-_-) . Kinda wish I bought longer dated puts though.
thing is, you can't hold short for too long.
look what happened with ONP. dropped but anyone short beginning of the month got killed.
just make a quick buck on it.
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