Thursday, February 28, 2008
JRJC Insight Ahead of the Conference Call
First, congratulations to all who took our advice and shorted shares from $16.00-$18.50. Our high end price of $18.50 was an exact print/hit yesterday; we stand by our call after seeing JRJC's weak quarter and horrendously questionable guidance. "Back ended" is an excuse management mentions and that breaks Commandment #6 (see below); shame on them. Psychology of the Call views the Chinese economic environment as extremely inflationary and negative for any subscription based businesses going forward, especially in light of the 2008 Olympic Games. We advise our readers to gamble in a casino (Las Vegas, Monaco, or Macau) sooner than buy a single share of JRJC. Our conviction has never been stronger. Thank you for your patience. Awaiting the conference call for further analysis ...
Posted by The Call Team at 7:49 PM