Post by
nerzaa on Jun 21, 2011 11:03am
show of hands, who was unable to short tre?
I wanted to short $10,000 but was told no more inventory the 2nd day the muddy report came out... damn, I was too slow.
On that day, I looked into the timberland purchase agreement and thought it looked fishy and the seller didn't look like to have ever possessed that much timberland; plus muddy's report made sense that standing timber or not, the trees need to be harvested, and there wasn't even enough quota for it; who in the right mind would buy standing timber that can't be harvested... and there is a post from March 2011 on a Chinese stock forum calling tre a fraud; wish I had see that post earlier.
anyways, just wanted to share this.