After crashing in the final minutes of trading yesterday afternoon, Chinese kitchen appliance...

|By:, SA News Editor

After crashing in the final minutes of trading yesterday afternoon, Chinese kitchen appliance maker Deer Consumer (DEER +20.7%) has rebounded after issuing a PR in which it reaffirms its 2011 guidance, and states yesterday's crash was due to "the spreading of false market rumors" by an unnamed "distressed online blogger." Alfred Little has made critical comments about Deer in the past (I, II). (previously)