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Peel the onion

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  • Apple Inc ($AAPL) Is Now A Profitable Short [View instapost]
    Shorting Apple at these levels is not sound investing, it's short term speculation. Your first three arguments are the worst arguments I've ever seen. The fourth, that competition is growing, is obvious. Google Einhorn and Apple so that you can learn more about cash management.
    May 16 11:03 PM | Likes Like |Link to Comment
  • Standing On The Ledge Of A Cliff [View article]
    Well said.
    Sep 19 02:21 AM | 3 Likes Like |Link to Comment
  • 3 Reasons Why The S&P 500 Index Will Move Higher [View article]
    Hi Buttet ... Call your friends in Europe. Ask them what's going on because the financial climate there is really bad. The Greece default, for example, and others, possibly, including Spain or Italy, and how Europe manages it is currently a huge cloud hanging over the market. It's the tip of the ice berg that should remind you of Lehman in 2008 before the eventual crash in Oct 2008.

    That said, how much potential upside are you really going to capture going long right now? 5%? 10%? ... at the risk of 20% to 30% to the downside, because, as you know, the market will react in a big way when just Greece goes down. So the sentiment today is why buy now when you can wait until all of that gets resolved in a month or two. And do you really want to go long into this earnings season?

    Trust me on this, wait for the dust to settle, where you'll likely be able to buy much, much lower, especially since a lot of smart money is on the sidelines as well, waiting for the chaos.
    Sep 16 09:37 PM | 2 Likes Like |Link to Comment
  • 3 Reasons Why The S&P 500 Index Will Move Higher [View article]
    Sorry. SPY will go lower in the short term. Greece will clearly default soon. Until they do, the market will dip every time something negative emerges from Europe. In a month or two, the market will likely digest all of this, but over the next few weeks, buy the VXX because volatility is about to skyrocket.
    Sep 16 05:21 PM | Likes Like |Link to Comment
  • Why Groupon Is The Next Google [View article]
    Groupon is already going down in flames. Anyone who touches this IPO at these valuations does not understand the fundamentals of this industry and investing in general.
    Sep 1 10:54 AM | Likes Like |Link to Comment
  • Harbin Electric: What the Bank Says vs. What the Bank Does [View article]
    This is the HRBN scam in a nutshell ...

    The first con artist, a poor looking man, goes into a cafe with a violin under his arm. He buys a coffee which he can not afford to pay for. He leaves the violin as security whilst he gets the money. In the mean time, the second con artist, a rich looking collector, enters the same cafe, sees the violin and offers the cafe owner $5000 for it. The cafe owner admits he does not own and so the rich looking collector leaves his business card. When the first con artist returns to pay for his coffee, the cafe owner buys the violin from him. The con artist will haggle and the price goes up to $1000. Of course, the violin is worthless and neither con artist is seen again.
    Jun 22 06:06 PM | 1 Like Like |Link to Comment
  • Harbin Electric: Loan Fraud and the Docs to Prove It [View article]
    With HRBN we have a proposed buyout that is purely a stunt to keep the share price artificially high. The buyout has nothing to do with the soundness of the business, which is, if you scrutinize it, a poorly managed company that consists of old factories producing low quality products at a loss. I say loss because HRBN is losing money but reporting false financials that says it has the best margins in the industry. Imagine that?

    Also, consider the fact that with the buyout offer, HRBN is worth $14 per share. Without it, HRBN is worth $5 per share or less, as we witnessed last week. Doesn't that tell you something? I could, for example, tell you I have a legit offer to buy my house for $10 million, though the house is only worth $1 million. Would you buy my house for $5 million if I showed you a 300 page document describing the official $10 million agreement? Get it? Yang's offer to buy HRBN for $24 is one of the oldest scams in the book. Those of you who believe it deserve to lose your money.
    Jun 22 05:04 PM | Likes Like |Link to Comment
  • Harbin Electric: Loan Fraud and the Docs to Prove It [View article]
    That's funny. You're not up to speed on HRBN but you decided to comment anyway ... and incorrectly. Allegations happen when fraud exists and persists. But you would rather see corrupt companies continue to report fraudulent financials year after year?
    Jun 17 02:50 PM | 1 Like Like |Link to Comment
  • Harbin Electric: Loan Fraud and the Docs to Prove It [View article]
    Without any public comment from HRBN, which is what we have, their refusal to comment on the existing loan fraud (because they know the fraud is 100% true), I think the stock will continue to fall. HRBN will trade much lower tomorrow again, perhaps down another 50%, although how much lower is hard to predict. Will it trade below $2? Will it trade below $1? HRBN is essentially worthless now, so it very well could trade that low.
    Jun 16 07:07 PM | 2 Likes Like |Link to Comment
  • Harbin Electric: Loan Fraud and the Docs to Prove It [View article]
    Connorport ... A company called Harbin Electric, Inc., is getting exposed for the fraud that it is. So why are you upset that justice is being served? The 51% drop today means the price of HRBN more accurately represents it's fair value. Although with all of the fabricated financials and the vanishing buyout offer, HRBN will continue to fall towards zero. But why do you care? Or rather, if you do care, first ask yourself why you or anyone else would invest in a stock that is so obviously corrupt and fraudulent. And if you do, shouldn't you blame yourself when the fraud gets exposed? Or did you think the music would play forever?
    Jun 16 05:40 PM | 5 Likes Like |Link to Comment
  • Harbin Electric: Loan Fraud and the Docs to Prove It [View article]
    For the very small percentage of investors who believed Tianfu Yang would buy HRBN, I hope the evidence presented here convinces you of the contrary, that HRBN is still a fraudulent company with outdated, under-utilized factories making low-quality, unprofitable products.

    No matter what price Tianfu Yang dangles, whether it's $24 or $4 per share, the buyout will never happen, regardless of the bogus and unfulfilled documents that HRBN attempts to file in the future.

    Now that HRBN is finished as a company, I wonder if they will be able to locate and prosecute Tianfu Yang because I hope he sees the inside of a prison cell for the fraud he has committed.
    Jun 16 04:31 PM | 1 Like Like |Link to Comment
  • Harbin Electric: The Imaginary Bid and the All-Too-Real Numbers [View article]
    Check out your first two comments on this article, dipthroat. Not exactly brilliant, wouldn't you say? And your English, since you enjoy insulting the intelligence of others here, even when you are clearly wrong, maybe you should brush up on that as well? Or do you still believe Yang will buy HRBN at $24 per share? :)

    Dipthroat's comments ...

    *"This article reads like something written by someone who just stumbled into M&A 101 in his first year in law school. First, your misunderstand of how 13E deals occur is shocking ..."

    * "I don't think I need to consider anything of the nature. Is reading comprehension not your wrong suit? All your cites do is state that ..."
    Jun 16 03:31 PM | Likes Like |Link to Comment
  • Harbin Electric: The Imaginary Bid and the All-Too-Real Numbers [View article]
    Your first comment and every one after that has been nothing but insults. But talk is cheap, so I suggest you put your money where your mouth is. I am short HRBN and currently enjoying substantial short term returns that I believe will continue to grow. Since you disagree with this "profitable" perspective, get out there and buy some HRBN shares. Someone will sell them to you.

    If you want to continue the discussion, fine ... but let's wait until HRBN falls below $10. Or rather, it will likely fall to the $1 to $2 range sooner than you think, so we can wait for that milestone instead. Good luck with your keen insight into investing, or in your case, believing all the BS that companies like HRBN tell you ...
    Jun 15 05:30 PM | Likes Like |Link to Comment
  • Harbin Electric: The Imaginary Bid and the All-Too-Real Numbers [View article]
    ... I suppose you are starting to realize that no one believes Yang will buy HRBN for $24? Why would he buy back the scam that he created? Sort of defeats the point, right? And if he really was interested in owning more shares, why not buy them at the market price of $14 instead of $24? Wouldn't that make more sense?
    Jun 15 01:38 PM | Likes Like |Link to Comment
  • Harbin Electric: The Imaginary Bid and the All-Too-Real Numbers [View article]
    Every time you comment, HRBN keeps going down. How is that investment working out for you? Down another 6% today. When do you think it will trade below $10?
    Jun 15 01:24 PM | Likes Like |Link to Comment
COMMENTS STATS
30 Comments
21 Likes