knut_thalmann

China Sky One May Raise New Capital for Acquisitions

Why would they raise new capital if they still have almost $50m sitting in the bank unutilized?

I am long at CSKI but concerned that Mushman actually is right that CSKI is a fraud. I hope the raising of the capital is not just part of a giant Ponzi scheme and the reported numbers (that look good) are actually fraudulant.

Yes, they are getting audited and yes they generate a nice positive cash flow. But still, you never know.

AAII Poll Shows Widespread Bearishness: Time To Buy

Maybe this time the bears get it right. Bearishness on the top and not on the bottom / after a downtrend. Economy seems to slow down smoothly but high margin debt and bullishness of private equity funds. It seems so easy just to get a company private and then just hold it for some months and get big profit out of going public again. You only need to have the rigth borrowing resources. I don't know but based on experience I would say money is not so easily to make thus sooner or later this card house will evaporate and the bubble will burst.