<<<On another thread, was suggested to short a ticker, GCDV. If you care to take the time, I have pasted the posts here. If what they are saying is true, about the company having no real business or financial foundation, what is holding the stock up?>>>
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There are many threads here on SI that are the exclusive dominion of unethical short sellers. I have been in many stocks that they have attacked with insider selling reports, various SEC docs, convertible warnings, etc, etc, ad nauseum.
Last month I had a position in ASTN. They literally blanketed the board with warnings of "bottomless convertibles" using terms like "death spirals" and such. It got real ugly.
Well, fundamentally or whatever, maybe those things existed but the chart said "higher". The whole time they were supposedly short the stock went from 9 3/4 to 18. Now it is back in the 9 range. So the longs were happy (I was real happy)and the shorts got some too (or at least they got even).
Don't rely on other posters for your information. There are many hidden agendas among SI members. Do your own homework and DD and you'll be better off. If you get a tip or hear of a stock through someone, call up the chart, do your TA, check out the filings, do the ratios, etc....and come to your own conclusion.
You are the only captain of your ship.
Paul |
