Seeking Alpha

FAB Universal spikes 9.8% as Jim Rogers discloses 10K share buy

  • FAB Universal (FU -13.4%) shares rally, spiking 9.8% in 10 minutes, after word circulates that Jim Rogers has upped his stake by 10K shares at $4.51/share to 69K shares.
  • Alfred Little, who issued a short report on the company last week, responds, "Jim Rogers buys token 10K shares.  If Jim wants to make a real bet on FAB he should call me.  I'll wager him $1MM that FAB is a fraud."
Comments (1)
  • skyhawk
    , contributor
    Comments (20) | Send Message
     
    FU to Fab..just another blatant Chinese stock fraud; with all the on the scene reports, false financial statements, etc., who in their right minds would even hold onto an investment in this garbage?? And, why hasn't the NYSE halted trading to protect the investing public pending investigation? Also, are there any more law firms piling in today?.. talk about sharks and feeding frenzies! Oh, I AM short on this one, looks like a "sure thing".
    18 Nov 2013, 02:36 PM Reply Like
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