Market Review and Trends
Market View 27 August 2013
By Singapore Stock Lobang  •  August 27, 2013
The main attraction in the stock market yesterday must be the drastic fall of China Minzhong price and of course the trading halt that followed. It all started with a research report from Claucus Research Group, an US short-seller, accusing CMZ of falsifying sales and other figures. It is like Muddy Waters VS Olam part 2 on show. I believe CMZ will come out and fiercely contest the report with fact and presentation, and it really need to do so asap to gain back the confidence. CMZ was my strong recommendation a couple of years ago and the stock surged more than 100% for the readers who went in with me. I still have it in my holdings and I believe that many readers had no chance of selling the stock away yesterday with the chaotic scene. We can only wait for the trading halt to be lifted and proceed ......
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By Singapore Stock Lobang
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