NQ Mobile (NQ) thread

Quote from 4JsGrowers:

Steve Cohen vs Muddy Waters with Big Money buying and selling their 7% stakes on a daily or weekly basis.


Carson Block took on the analyst community with China's giant paper company in 2011, John Paulson's bet against Mr. Block's research costed Paulson's investors $850 Million dollars! Don't count Carson Block or Alfred Little out, those guys are good at smelling fraud!
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get your facts straight. paulson didnt bet against anything, he was already in it.
 
mw starts with an edge.

all chinese stocks are crooked.

told you this years ago.

they have had 3000 years to perfect the art of the scam.
 
I bought $NQ at the $15 top, but I have a strong gut feeling that by the end of this week, I will prevail. The fraud is a joke, and if not, they will fraudulently report earnings in their favor....

I will post again some time this week... but mark my words, $NQ will be back to $20/share very very soon...
 
Quote from GMitchell1211:

I bought $NQ at the $15 top, but I have a strong gut feeling that by the end of this week, I will prevail. The fraud is a joke, and if not, they will fraudulently report earnings in their favor....

I will post again some time this week... but mark my words, $NQ will be back to $20/share very very soon...
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your writing sounds like a yahoo finance post. what expertise gives you any insight?
 
I missed you Stock777, it gets not better than a quote like yours.

" “mw starts with an edge.

all chinese stocks are crooked.

told you this years ago.

they have had 3000 years to perfect the art of the scam”

Stock777"


Why are Chinese reverse IPOs and other stocks listed on he Hong Kong exchanges getting hammered after they release good earnings. According to some of the stocks below, they hired tier 3 Accounting Firms and added a US or UK CFO trying to make their company look Kosher. The following companies came out with good numbers, they gaped up and fall back to around the price they were before their numbers were released.


Joe Zhang "Inside China's Shadow Banking System" and "Double Paradox" explain your theory of their 3000 years of learning to screw themselves and non-Chinese "Lao Wai". How many pets were killed because of all the toxins put in the dog treats by evil Chinese businesses?

http://www.amazon.com/Inside-Chinas...=sr_1_1?s=books&ie=UTF8&qid=1384131290&sr=1-1




http://www.amazon.com/Double-Parado...UTF8&qid=1384131010&sr=1-2&keywords=China's+c



Stocks Message Boarders have gotten stuck because the investors believe the accounting numbers published and thing their stock trading at a PE Ratio is cheap. I saw one stock around $2.8 to $4.00 claiming they would make $2.00 in 2014 only to crater to $.20 after announcing their accounting statements were not correctly done.
 
There hasnt been an update on this website in a short while. With all the documentation that NQ has provided thus far how are you feeling about this company now? I invested in the stock at 13.32 and feel confident about its management, but I'd like to hear your opinion now.
 
Safilo said:
I don't think anyone cares about the report. The reluctance is basically traders thinking, "I'll buy if you buy...no you go first then I'll go." And that's why NQ is slowly coming back up. In a matter of days it went from 24, down to 7.56 and as we speak close to 15. If they cared about the report the rebound would be more gradual, in my opinion.

The reactionary "panic sell" is evidence that people knew they shouldn't be putting their money into the underlying company in the first place. If you're investing you won't panic sell because you know that the company is going to bounce back.
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Or maybe the selling was based on Muddy Waters' solid research report. Especially given NQ Mobile's inability to file their 20-F in a timely manner:
http://ir.nq.com/phoenix.zhtml?c=243152&p=irol-newsArticle&ID=1931386&highlight=
 
Safilo said:
In this case it means to make a decision based on hearsay and not actual facts, which evidently a lot of traders - refer to NQ's chart for this week.

I don't need to refute "beliefs" because beliefs are not facts. You can choose to believe the reports are accurate and legitimate or not. That's...your call. I have better things to do then participate in schoolgirl gossip.
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I have some more facts for you:

NQ Mobile's auditor resigned.
www.bloomberg.com/news/2014-07-03/nq-mobile-sinks-32-percent-as-audit-panel-heads-resigns.html

So maybe those who sold upon the release of Muddy Waters' report were the smart ones.

And maybe Muddy Waters' report was just a little more than mere "hearsay" and "schoolgirl gossip".
 
Once again Stock777 nails another Chinese stock dead on, I went against his advice with EVK, bought this piece of trash at $2-$5 and sold once we got our great numbers, each earnings release I could hear the whispers of Stock777's gently saying:

"mw starts with an edge.

all chinese stocks are crooked.

told you this years ago.

they have had 3000 years to perfect the art of the scam."

Stock777
 
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