Howdy! I couldnt resist and had to go buy it.. and as I just posted on the Yahoo thread, I agree with you..
Don't get me wrong, im not trying to say that the article was negative, blah blah.. it will hit 50 and reverse blah blah.. but it really dosn't say much of anything..
essentially, his buddy has a ton of the stock, he hasnt an opinion on it himself, here are the risks, pros/cons, period.. Im more surprised that alberson didn't take the time to point out the absurd valuation other than that it goes up like a rocket and drops like a stone..
anyhow.. Ive spent too much time on this hunk of crap today already. Being true to form, this stock has survived on nothing but hype thus far and Monday will be no exception. Im putting my stop at 50, but to be honest at this point im not too certain it will be taken out.. The momentum has shifted to the downside and im betting the rise from 39 back to 45 was short covering.. If they only gap it to the 47-48 range it may still be toast..
otherwise, I cover at 50 and just keep watching it out of the corner of my eye for possible reentry but your right, this article is very neutral and may be a non event..
I have such a small position in CUST that this is all irrelevant.. Im fully aware of how to short internets these days and it just takes alot of patience, and more patience.. short a few hundred shares, get stopped out 3 or 4 times but when you finally hit it? youll make that up and more when it collapses..
so my official prediction after reviewing all the rah rah? Open of 46-47, and the 'herd' will trade it till noontime and get bored with it.. Theres just soo much else taking place in the markets right now that a neutral article about an over inflated pig should cause a 10 point gap...
still going to be fun watching.. I still cant believe people are long this stock.. Period. |
