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Monday, June 20, 2011

Paulson sells out of Sino Forrest

Pauslon & Co just released documentation stating they have sold out of Sino Forrest. This does not bode well for the stock as it basically confirms that even the "smart" money has been duped out of an estimated $750 million. I would expect it to trade down further tomorrow. This just goes to show you why you should never invest just based on the fact that other supposed smart investors are investing. Always do your work and hopefully we can all avoid scenarios like these.

Paulson Document

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