NQ Mobile, the stock that has come under fire from short seller Carson Block is up 7% after taking a hammering over the last few months. The stock was down in the 3's just a few weeks ago and has jumped up about 100% since then but it is still off it's all time high by a lot. If the company can get their 20F (annual report) filed then there should be a great opportunity to cash in on the situation. However it's a risky investment since although the fraud allegations have not been proven true (and many were proven false) there is still a potential for a total loss.
Interesting to see how it is up after having been hammered. I would be interested to see if they can maintain the momentum and continue to grow up. Interested in seeing what happens with the 20F.
It went up to almost $25 last November and has seen a fall and now the price is hovering around the $6 to $7 range. I am not sure based on what is happening in the market, that the price will go much beyond what it is now.
