Muddy Waters LLC's Block Will Be On CNBC at 12PM (RINO) (CCME) (ONP) (DGW)
Muddy Waters has nailed a number of frauds including RINO International Corporation (OTC: RINO) and China MediaExpress Holdings, Inc. (Nasdaq: CCME).
Others that the group has targeted include Orient Paper, Inc. (AMEX: ONP) and most recently Duoyuan Global Water Inc. (NYSE: DGW).
UPDATE: Below is the video from Block's appearance:
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
You May Also Be Interested In
- OmniVision (OVTI) Volatility Up on Move Lower
- Mattress Stocks Zip Higher on Positive Comments (TPX) (SCSS) (ZZ) (MFRM)
- Morgan Stanley (MS) Shares Pressured on Questionable Facebook (FB) Tactics; Hits Fresh 6-Month Low
Create E-mail Alert Related Categories
Trader TalkRelated Entities
Muddy Waters LLCComments View All Comments
Fraud is true
the anon reply is correct. They MW group misled investors with a slight of name coincidence. Maybe they should have learned some Chinese before looking into a chinese national paper company. The supplier they were investigating was unrelated to ONP. Sadly the indep investigation fell on deaf ears, too late. I would still buy ONP esp that this price, so maybe in the long term they helped improve my position. However it was still at an unethical cost...shame on Mr. Block
MW terms on site
Questionable
"You agree that use of Muddy Waters LLC’s research is at your own risk. In no event should Muddy Waters LLC or any affiliated party be liable for any direct or indirect trading losses caused by any information on this site. You further agree to do your own research and due diligence before making any investment decision with respect to securities covered herein.
You should assume that as of the publication date of any report on this site, Muddy Waters, LLC (possibly along with or through our members, employees, and / or consultants) along with our clients has an investment position in the stock (and / or options of the stock) covered therein, and therefore stands to realize significant gains in the event that the price of the stock increases or declines, as the case may be. Following publication of any report, we intend to continue transacting in the securities covered therein, and we may be long, short, or neutral at any time hereafter regardless of our initial recommendation."
I looked into it and:
Carson Block's Accusations Are Not Convincing On DGW and ONP.
MW
MW shorts these companies and they attacked companies that had nothing wrong. I bought 2500 shares in DGW. I think it will grow 400%. MW has no credibility
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
real money loss
Joe on Apr 14, 2011 07:02 AMMark as Spam
Meanwhile, I and many others lost already 70% of our investments in ONP, the stock dropped hard due to false alligations. That's real money gained by honest work these criminals mess with.