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Yea, financial gurus are there to “fool” us: look at The9 (NCTY), a rip off that was “The Best E-Commerce Stock for 2007: The9” according to Mothley fool stock Advisor Will Frankenhoff May 22, 2009

Posted by deminvest in growth stock, nasdaq, Nasdaq stock.
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We the people must beware of financial gurus. We must use our own heads.
GuruMotley fool stock advisorThe Best E-Commerce Stock for 2007: The9″

Then he explained:

”  I like The9 not only because it’s the purest play in the Chinese online gaming sector — deriving more than 98% of revenue from gaming services in the most recent quarter — but also because the company owns the Chinese rights to the world’s most popular online role-playing game: Blizzard Entertainment’s World of Warcraft (WOW). This is a game that is estimated by The New York Times to have generated $1 billion in revenue in 2006 alone, and Chinese gamers certainly seem to have been big contributors to the game’s record-breaking success.”

Two years ago I read those “Big Guru’s words” and posed on a Post on this Blog a simple vital question:

What will happen of this reseller of Vivendi’s software if Vivendi decides not to renew license agreement?

Today I got the answer from the news  to my simple question:

The9 Ltd Down 22% On Reports It Lost World Of Warcraft License

Now I am angry angry angry at those gurus. They miss the obvious!!!!

I am lucky that this time I coululd see the obvious myself and avoid the trap of The9 (NCTY)… but really those gurus give STUPID ADVICE!!!!!!!!!!

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