Bill,
Let me weigh in, if you will, on this little debate about people trading their position etc.
I have read your daily column on Stocksite for as long as I can recall, and although I often disagree with you, I've always had respect for your opinion. You were dead on last summer regarding the market, techs and banks in particular, although the endgame prediction never came to fruition. You may very well be right about the future of this market, that's why I ALWAYS read contrarian views to this bull run.
However, I lost some respect for you when you made an adhominen attack on RMBS in your MarketWrap column of April 28th:
stocksite.com
>>There wasn't much up today other than Micron, which we commented on, and Rambus (RMBS), another piece of junk that's also a memory supplier with a product that in essence doesn't work. So two stocks that had been sort of in the chip area and had been going down both went up today, just to make sure everything was good and goofy.<<
Knowing now what I suspected, that you are/were short RMBS, it is interesting that you would take such a shot at RMBS. Is this the correct way to characterize a stock that you are short? What evidence do you have to back up that RMBS is "another piece of junk...with a product that in essence doesn't work"?
No cheap shots from me, just wondering whether you would care to comment.
John
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