• 03 Jun 2011 at 2:08 PM

John Paulson May Have Lost Some Money Since Yesterday

By Bess Levin

After opening at $18 yesterday, [Sino-Forest] just touched $2.45, generating a loss of over $500 million for John Paulson, who in addition is rumored to be very heavily long the company’s bonds. [ZH, earlier]

Comments (24)

  1. 1
    Posted by Dingle-ing | June 3, 2011 at 6:17 PM

    SNOFF my prestige, Bitches !

  2. 2
    Posted by Black Knight | June 3, 2011 at 6:23 PM

    It’s just a flesh wound!

  3. 3
    Posted by trojan | June 3, 2011 at 6:23 PM

    never heard of Bre-X did he

  4. 4
    Posted by Asdjfl | June 3, 2011 at 6:29 PM

    he lost a ton, but never hit 2.45.  retard at ZH pulled the wrong quote

  5. 5
    Posted by Ancient Chinese Secret | June 3, 2011 at 6:30 PM

    Long Chinese wood?

  6. 6
    Posted by guest | June 3, 2011 at 6:36 PM

    i figure he is smarter than the short sellers, and just bought the shares.  hope that works out

  7. 7
    Posted by Brian1284 | June 3, 2011 at 6:41 PM

    Are girls more into guys who are heavily long or well-endowed?

  8. 8
    Posted by Miami Fund Manager | June 3, 2011 at 6:45 PM

    The thing was trading at like $3,689/$9,113 USD per CLAIMED acre/hectare anyway. I’ve got some cheaper stuff for sale if you’re interested. 

  9. 9
    Posted by Sad Trombonist | June 3, 2011 at 6:48 PM

    No, he’s owned it for a while.  I have no idea whether it is a fraud or not, but I do know that a few Asia credit guys I very much respect have always considered Sinofo to be a dodgy name.  Sadly, this name also checks a lot of fashionable boxes: China! Resources! Renewable!

  10. 10
    Posted by SMU Cowboy | June 3, 2011 at 6:51 PM

    Yessssssss.

    /Ping

  11. 11
    Posted by Miami Fund Manager | June 3, 2011 at 6:51 PM

    Actually, I had some old data. Still, my land is cheaper. 

  12. 12
    Posted by guest | June 3, 2011 at 6:58 PM

    Me Chinese, me play joke, me buy fake trees and now you broke

  13. 13
    Posted by There Was One? | June 3, 2011 at 7:16 PM

    Well, I liked it at C$ 25.00, but I LOVE it at C$ 5.25!!!

    - Paulson’s Asian Materials analyst

  14. 14
    Posted by Mdd | June 3, 2011 at 7:24 PM

    It did. Stay in the back office

  15. 15
    Posted by Guest | June 3, 2011 at 7:29 PM

    The PM who bought this at P&Co overhandled the meat while shaping the meatballs.

  16. 16
    Posted by Guest | June 3, 2011 at 7:40 PM

    “See here, these are IOUs… “

  17. 17
    Posted by Chairman Mao would be proud | June 3, 2011 at 7:45 PM

    “Yeah, we could always GROW the trees . . .”

    - Yunnan Province “party” commissioner

  18. 18
    Posted by Guest | June 3, 2011 at 8:06 PM

    John Paulson was never a genius, its only a matter of time to fail….

  19. 19
    Posted by Vinnie the Guinea | June 3, 2011 at 8:56 PM

    Mwahahahahahahahahahahahahahahahahahahahahahahahaha

     —–FATE

  20. 20
    Posted by Lidstrom needs another cup! | June 3, 2011 at 11:18 PM

    This guy makes 600 million a year from his management fee alone. I’m sure he is really torn up about losing 500 million on some lousy trade his Asian PM put on. 

  21. 21
    Posted by Guest | June 4, 2011 at 1:20 AM

    I would be.

  22. 22
    Posted by Guest | June 4, 2011 at 1:49 AM

    That’s why the tag says “pocket change” but please leave another attempt to show how knowledgable you are.

  23. 23
    Posted by Humble Credit Analyst | June 5, 2011 at 11:28 AM

    Not only Sinoforest stock worth 0, Bonds may be worth only Single Digits. At 50 Cents, they are probably 40 cents more expensive. So Paulson is likely to lose lot more on both Stocks and Bonds. To Paulson’s credit, I read somewhere that he managed to sell some of his stock holdings over the last 2 weeks prior to Muddy Water’s report.

  24. 24
    Posted by IRRONEMILLION | June 5, 2011 at 12:50 PM

    GLD 200 MAR ’12 CALL @ $1.35

Leave a comment

You can log in with your account or comment as a guest below.

   or