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Post by spiro on Jul 23, 2014 16:26:11 GMT -5
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Post by kc on Jul 24, 2014 13:33:09 GMT -5
Well it was a hack job piece no question about it. but lots of folk piled on to refute his comments.
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Post by mdcenter61 on Jul 24, 2014 14:17:44 GMT -5
I always call BS when the author doesn't have the cojones to use their real name. What courage! Course now, seems pretty tame since this CNBC debacle this afternoon.
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Post by mannmade on Jul 24, 2014 14:23:21 GMT -5
What will it take for the SEC to investigate? There was so little volume today (about 3m shs traded) up until the "CNBC" pc. Now over 11m shs traded in less than 30 mins. Wonder how many shares were dumped by the Hedge Fund who wrote the letter? Simply disgusting...
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Post by 4Balance on Jul 24, 2014 14:24:57 GMT -5
Buying opportunity! :-)
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Post by babaoriley on Jul 24, 2014 15:24:03 GMT -5
What will it take for the SEC to investigate? There was so little volume today (about 3m shs traded) up until the "CNBC" pc. Now over 11m shs traded in less than 30 mins. Wonder how many shares were dumped by the Hedge Fund who wrote the letter? Simply disgusting... People think the shorts are beaten, they are not, times like this, they cash in very big as people panic. I'm sure the reversal in direction at the end of the day were new shorts created in the high 9's covering for a huge one or two day profit. Those profits come in handy when dealing with losses you might have from having shorted at, say $6. And it's far from over in terms of hit pieces, and they will continue to come, perhaps stronger after a partnership is announced. |
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Post by bighaus89 on Jul 24, 2014 16:42:02 GMT -5
What will it take for the SEC to investigate? There was so little volume today (about 3m shs traded) up until the "CNBC" pc. Now over 11m shs traded in less than 30 mins. Wonder how many shares were dumped by the Hedge Fund who wrote the letter? Simply disgusting... People think the shorts are beaten, they are not, times like this, they cash in very big as people panic. I'm sure the reversal in direction at the end of the day were new shorts created in the high 9's covering for a huge one or two day profit. Those profits come in handy when dealing with losses you might have from having shorted at, say $6. And it's far from over in terms of hit pieces, and they will continue to come, perhaps stronger after a partnership is announced. You think so? I can see it as a possibility since Afrezza probably won't be prescribed until next year. However, once news of a partnership dies down and people continue to bash it, the dips could be great buying opportunities. |
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Post by babaoriley on Jul 24, 2014 22:20:31 GMT -5
If you know it's coming (pretty obvious some did), you sell some shares short yesterday and cash those out today. You also buy some all-of-a-sudden cheaper long calls to semi-cover some of your remaining short positions. Do that a few times and you might even make money! And that's in the case where we've been successful; heck, if the FDA turned thumbs down, they would have made a huge killing! It's a pretty good business, in the way organized crime is a pretty good business.
SEC investigate? Well, they should, but Bernie Madoff wasn't properly investigated when someone pretty much put the evidence in front of their nose!
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Post by 4allthemarbles on Jul 24, 2014 23:01:36 GMT -5
Baba- that is true. The Feds were given Madoff on a platter and they ignored it the first time. I speak (or type) to that because, unfortunately, the shorts aren't going away. I would love to see a short squeeze, but it's also important to be realistic.
Until we get an announcement, we have to put up with this nonsense.
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