Bollocks

An interesting study in words, translations and reaction today in the the motorcycle discussion forum I belong to. Here's the gist:

• One member writes that he's having to sell his bike because his first child is on the way
• Another member from Holland writes, "I hear that story alot, and I think that's bollocks!"
• First member writes back calling Holland member a freeloading socialist
• Thread goes to hell in a hurry after that.
  

That got me wondering ... I wonder if the Dutch guy's use of "I think that's bollocks" was interpreted by American as:

That's bollocks --> That's bullsh*t --> You're an idiot

While it was really intended to be more like:

That's bollocks --> That's bullsh*t --> It's a shame

Not knowing the nuances of the phrase "That's bollocks," I'm not sure. You've not seen the entire context, but what would you say ... is there merit to my theory?