His latest tweet:
JeffreyMatthews Jeffrey Matthews Least Helpful Call, So Far: JPM cuts price target for TRMB (gps for construction) from $51.50 to...wait for it...$47.50. Last trade, $37.49.
Jeff however does not follow Hong Kong listed frauds.
Today I received a copy of Felix Fok's latest piece on Chaoda Modern Agriculture. This is from JiAsia - in other words from Societe Generale. To quote:
Ji Asia is terminating coverage of Chaoda Modern Agriculture (Holdings) (682 HK, HK$1.10, Ji BUY, Target HK$10.50).
The price on my screen is 55c but it is not trading any more.
The reason stated by Felix Fok is "following a realignment of resources within the team".
Chaoda is suspended for a reason: it is almost certainly a grotesque fraud.
The buy was a bad call. The dropping coverage: that was clearly the most useless call of the day.
Disclosure: Proudly short Chaoda Modern Agriculture.