The bigger they are...

... the harder they fall

China's bubble is bursting with the weakest (fraud) links hit first as margin-loan pressure builds. After rallying well over 500% year-to-date, these 3 stocks (among many) stand out as the biggest losers:

• Digital Domain Holdings became the latest Hong Kong stock to tumble after surging more than 500 percent in a matter of months, following declines in Hanergy Thin Film Power Group Ltd. and Goldin Financial Holdings.
• Goldin Financial, a broker that provides short-term corporate financing, fell 43% Thursday, wiping out $12 billion of market value.
• Hanergy share price plunge and subsequent indefinite halt dethroned Li Hejun as China's richest man.

But there is still hope for even the very biggest of them all - the infamous Beijing Baofeng Technologies IPO (up 4,200% in the 55 days after its IPO) - which "pending the disclosure of an important issue" has been halted for 2 weeks now at its record highs.

Is that the trick to not killing a bubble: Halting everything? If so that is precisely as we predicted in our observation that the entire market has now become like CYNK.

So are you rich, if only on paper... or about to get the biggest margin call of your life?

Charts: Bloomberg