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Cramer's TheStreet On Imploding FMCN From 8 Hours Ago: "Upgrading From Hold To Buy"

By: capt_nemo in ROUND | Recommend this post (0)
Tue, 22 Nov 11 4:06 AM | 51 view(s)
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Submitted by Tyler Durden on 11/21/2011 - 14:00 Bear Market China Lehman Market Conditions NASDAQ ratings

This has to be an almost as epic call as Dick Bove's upgrade of Lehman days before its bankruptcy.

Comments: 100
Reads: 12,440

http://www.zerohedge.com/news/thestreet-fmcn-8-hours-ago-upgrading-neutral-buy


FMCN Halted Over 60% Down

Submitted by Tyler Durden on 11/21/2011 - 13:32 Bear Market China Dick Bove Market Conditions NASDAQ ratings

Update 2: FMCN has now been halted 3 times. Dick Bove does NOT have a buy recommendation on the name

Update: Trading has resumed: modest dead cat bounce on short covering

It took the market only an hour or so to realize what is going on with FMCN. To those who shorted the stock outright - congratulations. To those who are long puts - you may be out of luck. The stock may reopen some time in 2012, long after puts have expired.

Comments: 52
Reads: 8,367
http://www.zerohedge.com/news/fmcn-halted-over-60-down




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