Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

China Integrated Energy, Inc. (NASDAQ: CBEH) – bounce time?

|Includes:China Integrated Energy, Inc. (CBEH)

You may spend hours for doing due diligence on China Integrated Energy, Inc. (CBEH) in lights of recent “short-sellers” articles & blog posts.
I don’t want to discuss neither questionable Alfred Little’s surveillance video “commissioned by one of its hedge fund clients” nor sinclairupton’s Seeking Alpha’s instablog posts (sinclairupton is anonymous “hedge fund manager” who created the Seeking Alpha’s account particularly for the CBEH‘s attack).

I’d like to offer the simple schema: event (short seller attack) VS market reaction to this event:

Event (first short seller attack):
March 16th, 2011 11:54 AM sinclairupton’s Intanblog post: CBEH – A Troubled Company Stealing from Shareholders
Market reaction (March 16th, 2011): stock went down over 35% (LOD)

March 16th, 2011 7:43 PM Intanblog post by sinclairupton: CBEH 2010 10-K does not change our thesis – we are sticking to our report
Market reaction (March 17th, 2011): stock went down 25% (LOD)

March 18th – March 25th: light bounce (up 8%)

Event (second short seller attack)
March 28th, 2011 11:25 AM Alfred Little’s Intanblog post: Time-Lapse Video Shows China Integrated Energy Defrauded Investors
Market reaction (March 28th, 2011): stock went down almost 60% (LOD)

March 31st, 2011 Alfred Little’s article: Chinese RTOs: What Can Investors Buy When Even ‘Big Four’ Auditors Fail? (CBEH’s allegations intentionally shifted after CCME’s debates)
Market reaction (March 31st, 2011) FLAT

What’s next? New “hedge fund” short seller attack? Respond from China Integrated Energy to these allegations?
We’ll see in coming days but for now CBEH is technically set for the bounce (chart below)

penny stock CBEH chart

Stocks: CBEH