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Muddy Waters Just Getting Started On Sino-Forest

That report they released last week? Wasn’t even their best material, according to founder Carson Block who told reporters today from an undisclosed location there’s so much more where that came from and that anyone long Sino should probably be quaking in their boots. You don’t even know.

Carson Block, the short seller whose assertions of financial manipulation by Sino-Forest Corp. (TRE) preceded a 71 percent plunge in the forestry company’s shares last week, said he will release more research “pretty soon.”

“We didn’t really do our accounting tour de force,” said Block, the founder of Hong Kong-based Muddy Waters who’s said he doesn’t like to give his exact address because he’s received death threats. “Our resident accounting monster is chomping at the bit to get going.”

Muddy Waters Plans More Sino-Forest Research [Bloomberg]

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42 Responses to “Muddy Waters Just Getting Started On Sino-Forest”

  1. Golden Boy says:

    “Resident accounting monster”

    That’s what she said.

  2. Anonymous says:

    Champing at the bit.  Champing.  [sigh]  

  3. Golden Boy says:

    Someday, this smug Muddy Waters idiot is gonna go all in on a single Chinese trade (think options on margin) and BOOM.

    • Lidstrom needs another cup! says:

      I always wondered whether guys like him have a set amount they want to rake in before they call it a career. 

    • RandomGuy says:

      Long puts don’t work like that. Stick to selling CDS in Wilton.

      • Golden Boy says:

        Yes, they do. You know, not everyone is restricted to an Interactive Brokers margin account.

        Go #@%@ on your £@#@%&’s +&%@.

    • Nat Gas blowin' up says:

      Brian Hunter sees no problem with this

  4. Non-Entity Hedge Fund Manager says:

    This is an exceptional business to be in. If Carson has made less than 5x his money in the last 12-18 months doing this, I’d be shocked. If he made the right trades and reinvested the proceeds, it’s not that hard to see how he could have made 50-100x his money. Too bad he’ll probably be arrested next time he steps foot on American soil.

    • RandomGuy says:

      Who are you idiots and where do you come from? Is it your eyes that give you trouble understanding simple English or are you just chock full of stupid?

      • Non-Entity Hedge Fund Manager says:

        I’m the idiot that wants to make multiples of my money every 3 months or so by ‘assisting with market price discovery’ in instances of fraud amongst US-listed Chinese small caps….

        – Guy who disagrees with the popular maxim, “mo’ money, mo’ problems”

    • Lidstrom needs another cup! says:

      Karrisdale Capital claims they’ve are 76% YTD by shorting CChinese fraud.

  5. CautionaryTale says:

    He’s had so many winning trades that he can finally hire an editor for his reports.

  6. savy investor says:

    i bought on friday, saw shares trade up 50% on monday, and was feeling pretty clever.  not feeling so clever now….

  7. Larry David says:

    Is it chomping or champing?

  8. Larry David says:

    Is it chomping or champing?

  9. Christofurio says:

    Champing at the bit. 

    http://www.nypost.com/p/sports/giants/item_wD3THmDCXwVlygKnQCv1zL 

    NYPost headline writers never get such things wrong.

  10. Christofurio says:

    Champing at the bit. 

    http://www.nypost.com/p/sports/giants/item_wD3THmDCXwVlygKnQCv1zL 

    NYPost headline writers never get such things wrong.

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    I would always like to help out with your shtoos. Just let me know and maybe I can arrange it. I don’t know if I would have the patience you have, though. After watching you in action, I know for sure that it’s a whole lot harder than I imagined. I might panic, or start to cry if the baby wouldn’t go to sleep and. There’s a lot of pressure. On second, though?/

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