CW8888: This is amazingly craziness in the stock market!
Wah! 63.6M shares changed hand due to a Report from a Wordpress blog and two tweets!
Who is Iceberg?
The report and the company's website offer few
clues to the identity of Iceberg. The website is a Wordpress blog, it
has no archived reports and its "about" section claims only that Iceberg
identifies earnings misrepresentations.
While it has a Twitter account, it has only
tweeted twice: once to announce it was initiating coverage of Noble and a
second time to claim it has no short interest in the company's stock. Iceberg told CNBC it was experienced in financial
analysis, but chose to remain anonymous as "we would like people to
focus on the strength of the arguments."
"We do it because (a) it is the right thing to do,
(b) many have remarked that there were a few odd things in Noble's
financials and it is time to put it on the table (after all it is a
public company)," it said in emailed comments, adding that it hasn't
sold this report or its next two reports. "We do not make any money from
this (at any level)."
I am 61 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and retired @ 60 from full-time job as employee.
Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 2nd year uni in SUTD.
I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild.
I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038.
Last updated: 3 Sep 2017
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