RE: RE: RE: RE: if you can't handle volatility - s The SEC is a joke (maybe complicit?). They let Seeking Alpha get away with blatant fraud and manipulation last year.
Last year, Seeking Alpha allowed a few notorious anonymous "Research Houses' (that did not even exist) with the main culprit using a fake name called Alfred Little to publish many reports (very detailed like the small boy's) on many Chinese companies listed in US. However, the reports were filled with lies and even doctored fake videos. They acted in cohoots with short seller funds and brought the SP of these companies to their knees (ex from $20.00 to
.50 and less in just a few days). They made hundreds of Millions in the process. They just went from one company to another. All their reports were done through Seeking Alpha.
The companies were shouting that these were lies but the SEC did nothing. Most of these companies hired US 3rd party frims to investigate these claims and are now after almost a year are beginning to prove that all these reports were false. A company named Silvercorp frustrated with the SEC is pursuing this on their own in US courts and have been able to unmask that behind Alfred Little is a group led by John Carnes (despite all his lawyers efforts to keep him secret....prior to this Alfred Little also had the audacity to threaten the company to drop its action or it will attack the company even more and if they dropped the action they will stop attacking them).
Unbelievable!. The site (Seeking Alpha) published reports from non existent research houses (Gluocester..something I think) and anonymous authors and the SP were hammered down within days and the SEC does nothing!!! Not even a query or even a look into what was happening.
If these guys have set their eyes on HRE than we are going to have to have strong stomachs as the ride is going to be one hella of a ride but in the end, HRE will still reach its value. (HRE can still release a good PFS and these guys could just publish false reports on the PFS like the small boy did and make false accusations while they manipulate the SP.)
In most parts of the Asian markets, short selling is not allowed mainly because of this. The Western markets know this but will not follow suit as they are run by crooks who will not let go of tools that help them manipulate. This is the biggest disease in Western Capitlaism and alarmingly nothing is being done to address it.
Simon Bond