Andrew, Greenberg is not "in league" with anyone. He is employed by TheStreet.com to report on companies that, for a variety of reasons, are in his opinion overvalued or suspect (legally, morally, whatever). He is very good at what he does. Do a check on his record sometime. There is much corporate shenanigans in the business world, and Herb has made it his career to investigate whatever smells foul to him. That makes him a valuable force in the world of investing. Do not imagine that he has much materially to gain from the demise of companies he writes about. It's not personal, it's his mission.
It's time that people realize that shorts are not enemy: they are your friends. If there is truly nothing to worry about, they must at some point buy back, which obviously drives the stock higher; that's how it works.
Courter's answers were lame (I mean, come on: the company is run by technical people? Hello?). Courter is the saving grace of this company. If that's the best answer IDTC can come up with, the possibility of corporate shenanigans has just been raised. There are simply too many companies out there without these kinds of problems for me to continue to invest in this company. I'm taking my 50% profit, opening a bottle of wine, thanking Howard for his time, and saying sayonara. I'll keep a few of my December out-of-the-money calls on the outside chance that this is all bogus, but I'm mentally writing them off right now. I'm parking my 2,000 shares of IDTC common into Berkshire for now.
It's been an education--best of luck to all of you.
Yamakita |
