$网秦(NQ)$ 有什磨看法吗？
Purely my speculation -- the reason Muddy Water issued that short report was at the request of the following-mentioned Short Fund(s). My guess was because the NQ's PPS kept appreciating to ~$25 until Oct/2013 and those Short Funds could not tolerate loss any more. So, they resorted to Muddy Water for distorting NQ. If this makes sense, it does mean those Short Funds do have pressure to cover at one point.
Comments?

(Got from the Yahoo MB):
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...believe that this short hedge fund is based in Hong Kong and is the original hedge fund short NQ back in June-July 2013 when NQ had around 9 million shares short. This hedge fund never covered and is letting it ride because it doesn't have the money to cover and is not being forced to cover. I know it doesn't make sense but the core of 9 million short shares balance has been there when NQ went from $8, up to $25 and all the way down to $8, and never covered. I have been on this message board for around 10 months now, and have said many times that NQ needs a company buyout offer from a Baidu, Alibaba, or Tencent to force the shorts to cover because all of the good, positive news in the last year hasn't forced the shorts to cover below the 9 million short shares. People have been expecting a short squeeze for the last 10 months, but it never seemed to materialize.