+ Watch NQ
on My Watchlist
Could the recent weakness be a result of tax selling? If so, then the recent weakness could be short lived.
The latest fraud out of China; when was the last time Muddy Waters was wrong?
MuddyWater's analysis may be off but I just can't invest in a company that actively collects user's private information in an antivirus software of all things! Unethical. My prediction is stock goes back to its $20 something high... then within few months new "revelations" are made. The company is delisted and the Chinese government awards it a medal for doing fraud.The $50M they show can be misleading since because of their shady operations, nobody knows how much of that money was raised in the stock market i.e. using your money to dupe you, again :) Chinese auditors and bankers may also be in on this but that's nothing more than a guess.Lastly, the explanation about only the carrier having the billing information makes no sense. Money exchanges hands, you have to have a record. Is a publicly traded firm telling me that it does not have proper records because China Mobile sends money to its partner firm (Yidatong being the biggest) and the money trickles down but we don't know exactly how much? I may be completely off here, maybe Yidatong is pulling tricks to avoid taxes or something but logically it doesn't make any sense whatsoever.
Even Without the Fraud Allegations, NQ Mobile Is Still Highly Overvalued http://nasdaqnewsreports.blogspot.com/2013/10/even-without-fraud-allegations-nq-mobile-still-highly-overvalued.html
NQ just came uder attack from Muddy Watters. They are doing all the right things in response to this bear raid. NQ is a growth story and this is a great buying opportunity. Foward PE of 9 with Revenue growth of 100% and a great balance sheet (which they have proven to be real). Jump in now for the ride to $20+
riding the short bus
This is one of the best buys I've seen in a long time. Real investment with my portfolio. NQ is an ethical growing company, taking market share with its security services.
There's compelling evidence that NQ's historical revenue and profit were fraudulent, and as of now, it's essentially a blank check company whose value is not much more than its net cash of $2 per share.
NQ is basing now after hugh news! Seeking Alpha article by "The Treasure Hunter" details the stocks projected growth to possible price of $44./share! What do you think about this stock ?? Price today $ 16.60.
I'm watching you.
MORE DEMAND FOR MOBILE SECURITY WORLDWIDE AND CHINA WILL DRIVE THE PRICE MUCH HIGHER
chinese company to watch.
The future of mobile security is limitless in China let alone the globe with billions of people owning handheld devices connecting to the cloud. It is vital if you want to hold onto online personal information. This area is a growth sector.
Hey, It's China! There a few people there, so chances are fairly good this will outperform.
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