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

We the people must beware of financial gurus. We must use our own heads.
Guru Will Frankenhoff from Motley fool stock advisor wrote about The9 “The 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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