Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of China MediaExpress
So what: Citron asserted that China Media's growth and profits -- on a similar order as Focus Media's
Now what: Citron has been a vocal critic of other companies it claimed to be frauds, notably China-Biotics and, more recently, China Valves and Great Northern Iron, and many people take their analysis seriously. If I owned shares of a stock which Citron reported on, I'd want to examine their claims.
Interested in any of these stocks? Add them to My Watchlist:
- Add China MediaExpress to My Watchlist.
- Add Focus Media to My Watchlist.
- Add Vision ChinaMedia to My Watchlist.