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Silvercorp (SVM -8.6%) gets hit today after it acknowledges that British Columbia's securities...

Silvercorp (SVM -8.6%) gets hit today after it acknowledges that British Columbia's securities regulator is investigating allegations of company fraud. Silvercorp says it welcomes the investigation and is cooperating.
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  • Doc 224899
    , contributor
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    There is a pattern of internet activity followed by high volumes of short options activity and share-trading activity that cause me, as an individual, to suspect manipulation of SVM's share price using public media to influence the timing of significant price movement.

     

    Silvercorp Metals has taken the high road throughout the brouhaha, as far as I can tell, an impression gleaned from open source information.

     

    Doing business directly with the Chinese is, for lack of a better word, complicated for western corporations.

     

    Disclosure: I bought SVM this afternoon while the blood was running in the streets.
    13 Sep 2011, 11:40 PM Reply Like
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