Home > Markets > Stocks > NQ Mobile (NQ) thread

NQ Mobile (NQ) thread

  1. wtf is up with Nasdaq ? Stock is halted since 2 pm yesterday. This is a complete joke! Are they waiting for the Chinese to come out and say something ? (looks like shareholders will need Confucius patience) Sorry that's terrible. I watched the halts yesterday and when it bottomed at 8.45 and went to 11 I thought maybe going long was a good idea. Then I thought to myself no don't play with this sh*t. I can't imagine which state I would be in now if I were long !!!:eek: Why did Nasdaq halt indefinitely. What are the rules on Nasdaq for halts ? The final halt came unexpected to me as I thought the volatility halts meant no total halt.
     
  2. chinese are typical of good at pozi scheme.

    luckily I bought lots of puts on NQ and made a killing. feel like the only person who tells the truth, "ooo, you are naked"

    got out most of my puts, still have some locked in HLT.

    SEC should stop doing that, let it trade. is there anyone filing lawsuit against SEC for the losss because of the halt?

    this teachs a lesson for those TA traders

    those love stop loss, or those just think TA can make money

    wall street is full of shit, scandals, liars, ... the most ugly
     
  3. thanks, dumped my remianing puts!

    wall street is full of shit,liars, I know it is better. I did not realize it can be cut more than half. bought 3000shares at 10.3~10.8

    just wall street's manipulation, will biunce to13~15
     
  4. Does Muddy Watters cost money to subscribe?
     
  5. same as what activists do (think bill). they need to be very careful with citations and facts to avoid being sued.
     
  6. NQ's move wave proves wall street is full of manipulations.

    glad I hold through this manipulation, and even averaging down with another 3k shares at 8.5. almost shaken out! thos bastards need be put into jail! why SEC didnot investigate, and forfeit their profit?

    sold 5k shares of my holdings at 12.8+.

    made good money on this

    only fools listen to those wall street's manipulations.

    two weeks ago I bought NBG 5.5 Nov. call at 0.2, shoot to 0.95, wall street wrote article agian, said "why owning greece bank is an aweful decision". NBG definitelywill shoot toward 10+

    another manipulation!


    stop loss is another way they steal money from your account!
    always use clod minded judgement to get out and get in!





     
  7. A bit off topic, but given you've raised the non-issue, I'll ask similar questions I put forward in the Muddy Waters thread:

    Putting forward a thesis as to why a company is a fraud, with reference to overstated assets and overstated revenues, does not constitute manipulation.

    With regards to Muddy Waters, what exactly is there for the SEC to investigate?

    With regards to the NBG article on Seeking Alpha, how is pointing out NBG's overvaluation versus other banks in the sector "manipulation" ?

    Is it manipulation to write a bullish Seeking Alpha article about NQ, as many have done in recent days?
     
  8. Only amateurs are going to call something based upon another's stated "belief". Could just be muddy waters trying to get some PR for itself at NQ's expense.

    NQ is still trading at high volume and it's good if you like options strategies. Keep an eye on the pending lawsuit but no need to jump ship just yet - opportunities to earn are still there.
     
  9. to a trader, never need know what is manipulated or not.
    but you do need to know how the game is played.

    did you remeber HLF? I made good money on HLF's big drop(I buy)

    dog bite dog, wolf bite wolf

    Muddy Waters is a joke, he just had good capital to let this happen and profit it. His manipulation is pretty successful, of course NQ is highly hyped, a BUBBLE. in this view, I kind of envoy this guy for shorting NQ, as a matter offact, I bought PUTs (but do not know when this will happen) when NQ is around 23~25. this guy breaks the bubble, that is good thing, otherwise more TOP buyer suckers will be sucked into this NQ hype.

    Seek Alpha is a joke too, all try to benefit themselves.

    manipulation is: try to use media/no envidence backed/hard fact backed things to influence people's decision.

    human mind is easily influenced by outside imput, and illusioned by its view, inner thoughts, daydreams,...

    I do not bleive Seek Alpha's statement.

    Greek's recession already 6 years, euro zone is out of the recession, NBG'sbanking business is not just in greece, and NBG survived the crisis,things seem to get better, if you look at it in the past month/pastyear, ofcourse you think it is overvalued, but when you look a little bit far, when those bad stuff is elminated, in a term of a good bank, NBG is way undervalued

    Seek Alpha is just historian, so it is a joke.

    I am buying 5.5~7 calls, good return if you are willing to gamble.



     
  10. I'm not sure what you mean by "call something".

    To be clear, the three sentences from my previous post that you quoted were from Gotham Research. I was merely reporting their thoughts and didn't actively agree or disagree with their statements.

    It's possible that Muddy Waters could be trying to get some PR with another report. But they could also believe what they wrote. It's also possible that some parts of their research reports are accurate.

    You haven't refuted any of the points they raised in either of their NQ research reports.
     
  11. I'll assume that English is not your native language given the numerous spelling mistakes and poor grammar. Despite being difficult to understand I'll try my best to respond to your post.

    You've contradicted your earlier post. You defined manipulation as

    "try to use media/no envidence backed/hard fact backed things to influence people's decision",

    however Muddy Waters provided many pages of evidence to support their claims. Using your definition, Muddy Waters has not been manipulative.

    Regarding NBG, I recall the article's thesis was that the company was overvalued when compared to other Greek banks. You haven't refuted that argument. Likewise, you haven't explained how the article was "manipulation".
     
  12. In this case it means to make a decision based on hearsay and not actual facts, which evidently a lot of traders - refer to NQ's chart for this week.

    I don't need to refute "beliefs" because beliefs are not facts. You can choose to believe the reports are accurate and legitimate or not. That's...your call. I have better things to do then participate in schoolgirl gossip.
     
  13. What you've said above about Muddy Waters "beliefs are not facts" is interesting. I'm not sure why you've used the word 'amateur' to describe someone making a trading decision based on Muddy Waters' report. Most research reports contain opinions, and research reports by other firms are used by both professionals and amateurs to make trading decisions.

    Clearly it was incredibly profitable for professionals and amateurs alike to short NQ (even as low as 14) and then cover at a lower price. Some times the news (including research reports) itself doesn't matter, because the reaction to the news is more telling.

    Furthermore, some of Muddy Waters allegations (did you read both of their reports?) contain first hand accounts (facts) about the company. To use just one example, a third-party (Alipay) denying a business relationship with NQ, contradicting NQ's assertion that Alipay is business partner.

    While Muddy Waters may be wrong on some counts in their reports, the above is just one example of some damning facts in their report.
     
  14. Who is muddy waters again? Oh, that's right, nobody. It's not a "belief" that they have failed to establish credibility or any type of legitimacy behind their claims, never mind the firm itself. If you're basing trading decisions on a report from one source with limited credibility, then yes, you are an amateur. Your fixation with this suggests you fall into this camp. And just to be clear, considering information from research firms and analysts is not equivalent to using that information as your "trigger" for entering or exiting a trade.

    NQ crashed from $25 to $8 because of the claims put forth by MW and the lawsuit. It's now back up to $14 and rising. Reactionary trades = amateur hour.

    There really is no such thing as a "professional" trader. You have varying degrees of traders, some more successful than others...the latter being the ones who don't make knee-jerk decisions.

    If you believe the reports are true in the first place, I guess this matters. I can write a document and claim it is a "first hand account", make it look authentic and then pay $200 to do a press release...we know for sure at least one person will believe it and act upon it.

    I'm going to start a research firm next week called "soiled trousers" and do a scathing report on some no-name foreign company with the ticker symbol DERP. I'll make sure to fabricate plenty of first-hand accounts so that you rest assured you only have "the facts". lol
     
  15. OK, we've (finally) got to the heart of the matter. If successfully uncovering CCME, DGW, RINO, ONP and TRE is insufficient for you to think that Muddy Waters has credibility, then that's your choice.

    The aforementioned five successes is why the firm's reports have an effect on stock prices, and why your hypothetical "soiled trousers" does not. So on that count, there may not be anyone who would believe your report's content.

    Regardless, in the hours following the publication of the report, it doesn't matter whether or not the content of the report is true - many market participants choose to adhere to the 'sell now and ask questions later' adage. That the stock hasn't traded above 15 in the days since the report suggests there is plenty of residual concern about the reports' contents, despite NQ's attempt to defend itself since.

    Your assertion that successful traders don't make knee-jerk decisions could be true in some circumstances. But in the case of the NQ report, it didn't and doesn't apply. The best decision was clearly to make a knee-jerk decision to sell.

    Also, the Muddy Waters report was not necessarily the sole reason for the stock's decline. Plenty of people saw the massive volume in the stock, and that's all that was really needed to make a successful trade.

    Most people would rather prevent further losses in NQ, and/or successfully short the stock, rather than waiting to act just for the sake of claiming the moral higher ground.
     
  16. I don't consider the ability to point out the obvious a hallmark of credibility. The companies named all exhibited suspicious traits, like calling themselves "industry leaders" when most have never heard of them...and delving deeper into readily available financial documents filed by said companies reveals plenty of WTF. The fact is that most traders don't care. They'll jump on for the ride and those who don't get burned get rich while the majority end up paying for it.

    How can you sit there and call my research firm hypothetical? I'm going to unload a press release right after I finish eating these bean burritos.

    You have to appreciate the irony in traders putting their money into obviously shady companies, some profiting from this, and then suddenly pulling out when someone puts the information that you had access to all along thru the prospectus into a press release.

    I don't think anyone cares about the report. The reluctance is basically traders thinking, "I'll buy if you buy...no you go first then I'll go." And that's why NQ is slowly coming back up. In a matter of days it went from 24, down to 7.56 and as we speak close to 15. If they cared about the report the rebound would be more gradual, in my opinion.

    The reactionary "panic sell" is evidence that people knew they shouldn't be putting their money into the underlying company in the first place. If you're investing you won't panic sell because you know that the company is going to bounce back.

    Not performing knee-jerk reactions is better in most situations, because successful traders aren't "gambling", hoping to get in and get out before a stock they know is bogus (or turn a blind eye to) crashes, as is the case with many penny stocks and stocks like NQ.

    All I have to say is if you're going to get involved with NQ it's better to do so through options than through direct ownership of the stock. The "get rich quick" mentality is a platform for failure.
     
  17. Steve Cohen vs Muddy Waters with Big Money buying and selling their 7% stakes on a daily or weekly basis.


    Carson Block took on the analyst community with China's giant paper company in 2011, John Paulson's bet against Mr. Block's research costed Paulson's investors $850 Million dollars! Don't count Carson Block or Alfred Little out, those guys are good at smelling fraud!
     
  18. curious who bought the NQ top today, anyone who bought 15+ is top buyer?

    stand out and report here, please, let's have some fun, so let you be shamed, next time you will not be a sucker anymore
     
  19. get your facts straight. paulson didnt bet against anything, he was already in it.
     
  20. mw starts with an edge.

    all chinese stocks are crooked.

    told you this years ago.

    they have had 3000 years to perfect the art of the scam.
     
  21. I bought $NQ at the $15 top, but I have a strong gut feeling that by the end of this week, I will prevail. The fraud is a joke, and if not, they will fraudulently report earnings in their favor....

    I will post again some time this week... but mark my words, $NQ will be back to $20/share very very soon...
     
  22. still breathing?
     
  23. your writing sounds like a yahoo finance post. what expertise gives you any insight?
     
  24. I missed you Stock777, it gets not better than a quote like yours.

    " “mw starts with an edge.

    all chinese stocks are crooked.

    told you this years ago.

    they have had 3000 years to perfect the art of the scam”

    Stock777"


    Why are Chinese reverse IPOs and other stocks listed on he Hong Kong exchanges getting hammered after they release good earnings. According to some of the stocks below, they hired tier 3 Accounting Firms and added a US or UK CFO trying to make their company look Kosher. The following companies came out with good numbers, they gaped up and fall back to around the price they were before their numbers were released.


    Joe Zhang "Inside China's Shadow Banking System" and "Double Paradox" explain your theory of their 3000 years of learning to screw themselves and non-Chinese "Lao Wai". How many pets were killed because of all the toxins put in the dog treats by evil Chinese businesses?

    http://www.amazon.com/Inside-Chinas...=sr_1_1?s=books&ie=UTF8&qid=1384131290&sr=1-1




    http://www.amazon.com/Double-Parado...UTF8&qid=1384131010&sr=1-2&keywords=China's+c



    Stocks Message Boarders have gotten stuck because the investors believe the accounting numbers published and thing their stock trading at a PE Ratio is cheap. I saw one stock around $2.8 to $4.00 claiming they would make $2.00 in 2014 only to crater to $.20 after announcing their accounting statements were not correctly done.
     
  25. There hasnt been an update on this website in a short while. With all the documentation that NQ has provided thus far how are you feeling about this company now? I invested in the stock at 13.32 and feel confident about its management, but I'd like to hear your opinion now.
     
  26. Or maybe the selling was based on Muddy Waters' solid research report. Especially given NQ Mobile's inability to file their 20-F in a timely manner:
    http://ir.nq.com/phoenix.zhtml?c=243152&p=irol-newsArticle&ID=1931386&highlight=
     
  27. I have some more facts for you:

    NQ Mobile's auditor resigned.
    www.bloomberg.com/news/2014-07-03/nq-mobile-sinks-32-percent-as-audit-panel-heads-resigns.html

    So maybe those who sold upon the release of Muddy Waters' report were the smart ones.

    And maybe Muddy Waters' report was just a little more than mere "hearsay" and "schoolgirl gossip".
     
  28. Once again Stock777 nails another Chinese stock dead on, I went against his advice with EVK, bought this piece of trash at $2-$5 and sold once we got our great numbers, each earnings release I could hear the whispers of Stock777's gently saying:

    "mw starts with an edge.

    all chinese stocks are crooked.

    told you this years ago.

    they have had 3000 years to perfect the art of the scam."

    Stock777
     
  29. My model told me to short NQ on July 3rd open, but when the stock gapped down around 20% I chickened out fearing it would fill the gap and stop me out. Rookie mistake I suppose but given my level of knowledge I wouldn't take another trade just like it because I can't tell whether a stock is going to close a gap like that or not. Someday perhaps.