Friday, 20 April 2012

Another China Fraud short the news (SPU)

This trade is in the same vain as GPRC.


SkyPeople Fruit Juice, Inc (SPU) has long been on the radar of Chinese fraud short sellers. Today it provided more evidence that its cash balances are real. The market doesn't care, news is being sold. We are s/s from $2.10. Will cover next week.




Open Trades Short
VRML, TZYM, MBLTY, HUSA, SPU

Open Trades Long
CHTP, UNIS, MSHL, CLDX, HZNP, ALXA, SVVC

April Returns,  -0.7%

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