Mad2, I am not taking any credit away from your decision as a trader. I am saying that the price of GUMM fell Friday immediately after the open as per the e-mail that went out and was pasted to some threads. I think that position trading is a type of opportunism and I am not judging that to be good or bad.
My point was only that a group of traders, IMO, organized a group dump that caused the share price to crumble, and many who did not have a clue what was going on panicked and sold, aiding that crumble.
I cannot judge you on anything other than what you post and I do not mean to sound as if I were doing so. I am only putting together the facts as they occurred and then voicing my opinion as to the reasons for the subsequent events. I think they had nothing to do with GUMM as a company, nothing to do with zicam, and nothing to do with market perceptions of the valuation of a stock. It is my opinion that it was a group manipulation, nothing else. I think the posting of that e-mail demonstrates the sender's intent to manipulate.
The comments about the past financials of GUMM as they relate to your short are in part supported by Dan's last post. I think if zicam does not get publicized for the next month, and I have no knowledge whether it will or won't, and the stock stabilizes up to the 11-12 range, my opinion will be supported. There is no way to really know at this point. Anyway, now I'm rambling a bit so I will stop.
In a line: there was no malintent.
Regards,
Howard |
