China MediaExpress in a Bind Against Shorts
Rick Pearson is a Beijing-based private investor focusing on U.S.-listed China small-cap stocks. He is a contributing writer to TheStreet whose views on these stocks are independent of TheStreet's news coverage.
BEIJING (TheStreet -- In China's small-cap space, the short-attack phenomenon is relatively new, so it is hard to know what the long-term effects will be on individually attacked stocks or on the space as a whole.
China MediaExpress (CCME) is the latest company to be on the receiving end of a series of short-seller attacks. The stock continues to trade with significant volatility on high volume, meaning that there is still a sizable amount of disagreement between the longs and the shorts.
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