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  • Missed Signals: The Hard Lesson of China MediaExpress Holdings [View article]
    The sad thing is that so many shorts have such a large position in this stock, and now their trading money is tied up, for an indefinite period of time. Some, might even have to go out and get a real job. In the meantime they can always write cute little articles and post them on SA.
    Mar 17, 2011. 09:46 AM | 1 Like Like |Link to Comment
  • The End of CCME's Fairy Tale [View article]
    This article is a pitiful piece of journalism! It is filled with racial slurs, and defamatory remarks! One can see why the author is a former NYT writer. Furthermore, the stock is halted, why even bother to publish this now? The only reason I can see, is for the author to express his disdain for the Chinese.

    I see a reverse bubble. Suddenly, it became fashionable to short Chinese small cap stocks, it all started with one or two good investigators finding some fraudulent companies, or companies with rather poor management. These people earned huge profits by their investigations. Then suddenly, every loser with a laptop is writing hit pieces. Irrational exuberance follows, the Chinese Small Caps are oversold as angry, racist, haters jump on the bandwagon.

    Mr. Long buys 100k of CCME, they because available to short, Mr. S, borrows and shorts them. Mr. Long seeing the low price, adds to his position, and buys all the shares Mr. S borrowed from him. This makes these shares available to borrow again. Mr. S borrows those shares the next day to sell again. Mr. L seeing the even better price buys them again. Aftet 10 days, Mr. L has a million shares, all which were created from his original 100k. Next, the company releases good news, and a variety of retail investors buying, Mr. S gets a margin notice from his broker, and decides to start buying back all the shares he shorted. The problem is, he has to buy back a million shares that were created from 100K.

    As a truck driver, I see lots of billboards, and I see the rates for advertising on them when they are empty. Rates start at about $30 a day and go up from there. Now if I were a company, say I sold cosmetics, how much would I be willing to pay to have a video commercial advertising my product on a bus? Would a dollar a day be unreasonable? Not if I make $2 on every item sold, and one person per bus buys an item.

    For those of you who have never been to China, buses are the most common means of transportation, (as they are the most efficient way to move people) and inter city buses are filled with people who are on the bus for the sole purpose of going from an older city, to a newer one, or bigger one to go shopping.

    Does it sound too good to be true that you might have 10 advertisers each paying a dollar a day to advertise on a bus?
    I'm no expert, but I'd much rather pay a dollar a day on a bus filled with shoppers, watching or listening to a well produced 15 or 30 second video promoting my product, than 30 dollars a day on some big billboard with a few words on it.

    Personally, I think CCME's idea is genius, especially for China, where people are transported for a low cost on buses. The idea is not a new one, when I was in Shenzhen, almost every cab I was in, had a video screen mounted on the back of the front seat.

    A female friend of mine, travels by bus twice a year from Shenzhen to Hong Kong, to shop for make up, spending in excess of $1000 each trip. Betcha, Lor'eal would love to have an ad on that intercity bus for a dollar a day.
    Mar 13, 2011. 09:43 PM | 7 Likes Like |Link to Comment
  • 10 Stocks Hedge Funds Are Buying Like Crazy [View article]
    Citigroup and JP Morgan? Are these the same hedgies that were buying Lehman Brothers and Bear Stearns? Oh yeah, let's invest in companies that needed to be bailed out to the tune of billions, and then paid bonuses to their execs, at taxpayers expense! Not to mention the collatoral backing their loans has depreciated by as much as 42%, and will drop further in the not too distant future.
    Mar 8, 2011. 10:31 PM | 7 Likes Like |Link to Comment
  • China MediaExpress Holdings: All Eyes on Deloitte [View article]
    Rick Pearson's article was written days before being released, and just another of the many hit pieces released in a schedule to hold the price down, as it was rising. He doesn't know anything more than the rest of us!

    One thing there is no shortage of on both sides of the fence is know it all anal ysts that are barely out of diapers, trying to make a name for themselves.

    These China based scammers, who couldn't make it here in the USofA, need not worry about the SEC, they need to look over their shoulders and worry about the CCP, (Chinese Community Party) because the trials are short and sweet, and prison time is certain!
    Mar 7, 2011. 08:34 PM | 1 Like Like |Link to Comment
  • China MediaExpress Holdings: All Eyes on Deloitte [View article]
    Furthermore, considering GH got it wrong on RINO, wouldn't one expect that they would be all the more dilligent to get it right on CCME? Three strikes and your out.
    Mar 7, 2011. 08:10 PM | 6 Likes Like |Link to Comment
  • Why a Deloitte Audit of CCME is Valid and Can Be Trusted [View instapost]
    Excellent article, thank you for your time in writing it!
    Mar 3, 2011. 09:01 AM | 4 Likes Like |Link to Comment
  • Declining Sales Trend Puts Wal-Mart on Back Foot [View article]
    Walmart, gets what it pays for, it buys junk, and sells junk, it hires low wage workers, who give them low wage labor. It hires low wage managers, who give them low wage management. This business model is destined to fail, it is only a matter of time.

    Walmart has facilitated the transfer of many jobs, beyond our borders, cutting off the hand that feeds it. Their dividends are puny in comparison to REITs and MLPs. Why would one park their money with this behemeth?
    Feb 26, 2011. 12:48 PM | 1 Like Like |Link to Comment
  • Monday, Monday, Can't Trust That Day [View article]
    Ron, that is an excellent question, let me know if you get a rational answer anytime soon. My guess is that the Armed Forces officers, say we need troops there, because they don't want to give up the country club existence, they could never possibly enjoy here.
    Jan 31, 2011. 09:11 AM | 1 Like Like |Link to Comment
  • "There's never just one cockroach in the kitchen": While bad news hammers many individual stocks as broader impact remains limited, growing numbers of stocks with collapsing charts bodes poorly for the market as a whole. The market looks tired from a macro view too, as three yellow flags warn of a slowing economy.  [View news story]
    Well, I'm just a dumb truck driver, but when I see UPS, FedEx, Conway, pulling triples instead of doubles, and when I have to wait in line to get fuel at every truck stop I pull into, and when there is no parking if you don't get in by sunset, it sure don't look like the economy is slowing! But then I guess some intellectual sitting in an office looking at charts all day, would know a lot more than someone out in the real world observing commerce slowly increasing.
    Jan 20, 2011. 11:08 PM | 13 Likes Like |Link to Comment
  • Understanding China's Economy: Should the U.S. Be Concerned About the Renminbi? [View article]
    Excellent article, and some good answers to some frequently ask questions?
    Jan 16, 2011. 11:19 AM | 2 Likes Like |Link to Comment
  • John Bird uncovers fraud at China Sky One (CSKI), shedding light onto the shady $20B Chinese reverse merger market, as well as the also suspect community of short sellers attempting to profit off of it. "(It's) a rational position for an investor to start with, that every one of these Chinese reverse mergers is a fraud," says Bird.  [View news story]
    I agree, and one doesn't need to point the finger at Chinese reverse mergers to find bad investments, and fraud. We have our fair share here. Mr Bird loses all credibility when he says, "it's a rational position to start with, that every one of these reverse mergers is a fraud." There could be nothing more irrational.
    Jan 16, 2011. 08:22 AM | 1 Like Like |Link to Comment
  • Paul Volcker lets it fly in a candid critique of the "broken" financial system, particularly "the mortgage market, which happens to be the most important part of our capital markets." The system remains at risk, he says, because it is subject to future “judgments” of individual regulators who will be relentlessly lobbied by banks and politicians.  [View news story]
    I just love it when people like Volcker tell us things that we all, already know, and act as though they are some sagacious financial guru.

    The world is full of verbose experts, ever expounding upon our dysfunctions, publishing copious tombs on the subjects, but rarely if ever, actually bringing about reform. If they did, they'd have nothing to pontificate about!
    Sep 23, 2010. 09:49 PM | 2 Likes Like |Link to Comment
  • Making Things in China Is Cheap; Buying Things Is Not [View article]
    Another reason the prices are higher in China, is because the Chinese people won't buy the cheap junk, that Walmart buyers insist on shipping over here by the shipload! Junk that often breaks before you even get out the door. Over all their appliances, and household tools are of a much higher quality. I'd gladly pay a little more for a floor mop that will last a few years, instead of a few weeks or months.

    I have to say our Walmarts here in the US could learn a few things from the Walmart's I visited in Shenzhen, like the workers in the deli wearing not only plastic gloves, but a face mask too! And stocking a much wider variety, and that being of much better quality! Sadly, only the middle class and above can shop at Walmarts in Shenzhen.

    The B and Q stores there put our Home Depots, Lowes, and Menards, etc., to shame!

    I've been in all 48 states, and a few foreign countries, and I have yet to find anything that comes close to the shopping experience in Shenzhen! If you can't find it in Shenzhen, you can always take the short trip to HK and usually find it there!
    Sep 7, 2010. 10:06 PM | Likes Like |Link to Comment
  • Great Retail Food Businesses in China Are in Short Supply [View instapost]
    I really can't think of why they would need a Aldi's or Trader Joes, type of store in China? I kind of like things the way they are there, a plethora of markets of all sizes, and prices structures.

    Really Peter, I can't see you shopping at a Chinese Aldi's with the abundance of fine restuarants in Shenzhen, not to mention markets everywhere. It sounds a bit disengenuous to me. Certainly the food prices there can't possibly strain the budget of a financier.

    Thumbs down for an Aldi's in China, thumbs up for a Trader Joe's!
    Sep 7, 2010. 09:38 PM | Likes Like |Link to Comment
  • Truck Tonnage Index Increases for 8th Month [View article]
    John, I live in Florida too, and yes things are still pretty depressed by us, both my children have college degrees, and both are working in the service industry, and going back for more education. I have noticed also that even before the real recession set in, that businesses were already consolidating, closing factories in the north, and CA, and moving some of the essentials to states where labor is cheaper, and cost of living lower. My last load was machinery from a factory in CT going to IN, 125 workers will be losing their jobs in CT, no new ones added in IN.

    Mark, you make a good point, yes, the cars are back on the roads again, at an ever increasing rate, and truck traffic is up too, but not near to what it was before the oil prices were the final nail in our sinking economy. Higher fuel prices can't be too far off, but if speculators take them too high again, it will only serve to put screeching brakes on our economy again.
    Sep 3, 2010. 12:21 PM | Likes Like |Link to Comment