Tuesday, June 21, 2011

3 Cheers for Carson Block and Muddy Waters

Funny how the world works. Muddy Waters comes out with some 'unflattering' research on a major institutional and Wall St. favourite and what happens..... the knives come out!

It appears that someone or someone's are none too happy with Carson Block and have published a doctored SEC investigation press release against him and Muddy Waters.

Herb Greenberg, sadly now with propaganda network CNBC, is reporting that the SEC press release is a hoax.

I don't know about you but the fact that this happened today pretty much solidifies any doubts in my mind as to whether or not Sino Forest is an complete and utter fraud.

I want, right here and right now to offer my grandest 3 cheers to Carson Block and Muddy Waters for their work on this and other frauds (think Chinese reverse mergers) the rest of Wall St. is either too stupid or too complicit in to uncover.

Hip, Hip Hooray!
Hip, Hip Hooray!
Hip, Hip Hooray!

Atta boy Carson !!

Gee, I wonder who dumped their long position into any pop that fictitious press release created. I am no MBA but me and the hotdog vendor are wondering if maybe the staff at the SEC, when they're not too busy surfing porn, might find an interest in the trading activity in and around that fictitious release and investigate that.

Remember now we are not MBA's so take what we say with a grain of salt.

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