tag:blogger.com,1999:blog-4815867514277794362.post4713351994892023917..comments2024-03-08T06:18:28.125+11:00Comments on Bronte Capital: I got yesterday's post wrongJohn Hemptonhttp://www.blogger.com/profile/03766274392122783128noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-4815867514277794362.post-61494638766347960182011-06-24T01:19:49.957+10:002011-06-24T01:19:49.957+10:00G&M is a left-wing rag (I just read an article...G&M is a left-wing rag (I just read an article by them saying that men shouldn't be allowed to be politicians).. and their story was investigated by some kind of freelancer questioning some bureaucrat, but ultimately asking questions based on the reporter's own limited information and assumptions - the water is as 'murky' as ever.<br /><br />The real puzzle is why does Allen Chan hold a crazy amount of SF stock, and why hasn't he fled (perhaps he is fleeing now, maybe they are over there shredding paper and laundering money.. but it doesn't look that way).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-1843283639577434022011-06-22T15:33:07.810+10:002011-06-22T15:33:07.810+10:00True, you messed up yesterday's post. Like ma...True, you messed up yesterday's post. Like many you worry about chump change, when the real theft is "money". It is hard to think in trillions when you deal with millions.Scotthttps://www.blogger.com/profile/11386125388118386199noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-63208919562588945092011-06-22T07:26:56.429+10:002011-06-22T07:26:56.429+10:00I'm not sure you were wrong John. TRE was dow...I'm not sure you were wrong John. TRE was down 40% after it was revealed that there was a hoax going around saying that the SEC charged Muddy Waters with Fraud.<br /><br />That hoax held the stock up for a day.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-30695908337007408872011-06-22T03:56:12.237+10:002011-06-22T03:56:12.237+10:00Wasn't Bre-X a $6bn fraud? I think that might ...Wasn't Bre-X a $6bn fraud? I think that might qualify as a bigger corporate fraud in modern history.<br /><br />PS -If this is the worst correction you've ever written, then you're doing pretty well!rcyranhttps://www.blogger.com/profile/15946829624939416995noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-8630030087074264912011-06-22T03:16:13.094+10:002011-06-22T03:16:13.094+10:00You were right. It went as low as C$1,30You were right. It went as low as C$1,30John Short ad sinorazumhttps://www.blogger.com/profile/06294518362102475267noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-7692012378395003802011-06-22T02:20:01.038+10:002011-06-22T02:20:01.038+10:00Short the rumor, cover the news?
At some point ev...Short the rumor, cover the news?<br /><br />At some point even a fraud might become a value play. Aren't people making money with Madoff claims right now?IFnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-26965973516033824042011-06-22T02:08:16.126+10:002011-06-22T02:08:16.126+10:00Speaking of where the hell is China Development Ba...Speaking of where the hell is China Development Bank on the rationality ladder? HRBN beggars belief these days.....Nemo Incognitohttps://www.blogger.com/profile/07345185457108156269noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-56924521819328194032011-06-22T01:54:38.450+10:002011-06-22T01:54:38.450+10:00"Come on John, it would be far too ironic if ..."Come on John, it would be far too ironic if a newspaper felled a tree company. A Paulson & Co. withdrawal, on the other hand, is all too real."<br /><br />http://ftalphaville.ft.com/blog/2011/06/21/601351/fact-or-fiction-sino-forest-edition/?updatedcontent=1Detlef Guertlerhttp://blogs.taz.de/wortistiknoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-21706088124387704852011-06-22T00:39:24.212+10:002011-06-22T00:39:24.212+10:00Check out Kid Dynamite's blog to catch the fab...Check out Kid Dynamite's blog to catch the fabricated rebuttal, if you haven't already.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-72823514222332939722011-06-22T00:09:09.104+10:002011-06-22T00:09:09.104+10:00"On the most important matter: I thought the ..."On the most important matter: I thought the Globe and Mail story on Sino Forest would drive the stock down at least 50 percent."<br /><br /><br />Does this change your impression as to the importance of mainstream media?<br /><br />On a side note, it's interesting that people no logner even bats an eyelash at figures in the single billion dollar range--if a story doesn't involve hundreds of billions or trillions, it doesn't seem to generate scandalized feelings anympre.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-65332653440987893932011-06-21T23:34:44.878+10:002011-06-21T23:34:44.878+10:00SEC Charges Carson Block and Muddy Waters LLC in S...SEC Charges Carson Block and Muddy Waters LLC in Stock Manipulation Ring<br /><br />http://www.briefingwire.com/pr/sec-charges-carson-block-and-muddy-waters-llc-in-stock-manipulation-ring<br /><br />this is shocking! so we are now only allowed to write buy recommendations?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-56532799233514010392011-06-21T21:59:19.924+10:002011-06-21T21:59:19.924+10:00You're not wrong, just early. Need to build in...You're not wrong, just early. Need to build in psychological inertia, loss-aversion, self-denial, etc. Stock's gotta work its way down the rationality ladder...John Chewhttps://www.blogger.com/profile/03976415693080249921noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-89097338439558292011-06-21T21:48:35.571+10:002011-06-21T21:48:35.571+10:00Not sure you were wrong, don't forget that at ...Not sure you were wrong, don't forget that at $2 lots of people are covering their short, driving up the price.<br /><br />Moreover, if you bought at $25, and its at $2, it now looks like a cheap option! Maybe the company only overstated its assets (as opposed to complete fabrication), it remains that at $2 there's not much reason to sell anymore!Frozen in the Northhttps://www.blogger.com/profile/04901959687094626879noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-6208123463123619832011-06-21T21:08:47.506+10:002011-06-21T21:08:47.506+10:00It's surely most likely that the biggest finan...It's surely most likely that the biggest financial fraud is one that none of us have heard of because they haven't been caught yet. Since credible estimates put the total size of "carousel" VAT fraud in the EU at EUR50bn a year, for example, there is plenty of room for there to be a much bigger thief than Madoff somewhere out there.dsquarednoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-5657104818484883912011-06-21T20:15:58.776+10:002011-06-21T20:15:58.776+10:00http://www.zerohedge.com/article/paulson-dumps-all...http://www.zerohedge.com/article/paulson-dumps-all-sino-forest-holdings-750-million-realized-lossAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-40301138092972939402011-06-21T19:24:46.269+10:002011-06-21T19:24:46.269+10:00Paulson selling out as well - surely the end if ni...Paulson selling out as well - surely the end if nigh?Peter Tanghttps://www.blogger.com/profile/17209702801932331251noreply@blogger.com