Muddy Waters Report Sinks New Oriental

[Liberty]

http://www.bloomberg.com/news/2012-07-18/internet-adrs-rebound-on-bets-selloff-overdone-china-overnight.html

[zarley]

Muddy Waters reports:  New Oriental Mojo Not Workin' --

  8)

[Liberty]

Muddy Waters reports:  New Oriental Mojo Not Workin' --

  8)

 

;D

[mankap]

Muddy water has got so powerful now that they can sink any chinese company if they want to.

people will rush to get out of the company the moment they see muddy water report on the company.

[Liberty]

Muddy water has got so powerful now that they can sink any chinese company if they want to.

people will rush to get out of the company the moment they see muddy water report on the company.

 

That will work only as long as they are right, though. They kind of have earned a freebie with their past work, and enough people will trust Block to make the stock tank, but if they are wrong on a big one, then the next one probably won't work nearly as well...

 

Kinda like Buffett's line about a reputation taking a long time to build and but a very short time to lose.