REFR - Bill, while I agree with you on a fundamental basis, as you are aware, like COPY, it's been around for many years doing the same thing, selling stock to the public...this doesn't unfortunately make it a good short, unless you bet heavily on a small movement, which given the lack of fundamentals, is likely to go against you as it will do for you...I suppose you could take a long term view that it will eventually go to zero, but you might have to wait a long, long time...in fact, had you shorted it back at it's IPO back in 94, you'd be about even right now, 5+ years later. They seem to have an uncanny knack of keeping it on average around 10.
I guess my question is, other than that it a a complete POS, why do you like it as a short, and what is your strategy and target?
tia, Neil. |
