Well, maybe I'll go visit.
Bob as for this;
As for LPTHA moving down 15 points this week, at today's close. Check the general tech market, and you'll find that anyone could have thrown a dart blindly at a list of high-techs - and done as well as shorting LPTHA. However, your leader's methodology in this process may have muted his ostensible success, and created a considerable liability, for him.
rZ
By my figures the nasdaq opened the week at 4470 and closed today at 3769, a decline of 701 or 15.8%
lptha on the other hand started the week at 37 and change, closing today at 24, a decline of 13 points or 35%
I think credit should be given where credit is due, Last time I checked a 35% gain beat a 15% gain?
Bob I would suggest that anyone touting overvalued, overbought momentemum stocks such as lptha in the past week is doing a great disservice the sheep that might act on that advice.
And BTW Auric isn't my leader (or anyone's that I know). He is a guy with good short ideas, as the thread header suggests.
In a different environment maybe I'd buy lptha for a quick trade (although the tech bull is suffering dammage that won't be healed quickly), however for now Auric got it right and your on the wrong side of the trade.
Mad2
BTW all your talk about a formal case bla bla bla is a waste of time and money...every individual/company that has pursued that path has demonstrated they are more interested in their stock price than what drives the stock price (product and profit) and they happen to be the best shorts of all.....lick you wounds and move on. The best way to beat the shorts is demonstrable valuation. |
