Mark, I only wish I had been on this thread a while back, but as one who 'discovered' at least for myself PHCM at 43 when it was trading 17,000 shares a day, and enjoyed it until about 225 when I opted to go to more affordable stocks, but never shorting PHCM after 2 failed shorts exited in time, and 2 shorty shorts (24 hours)in the interim.
Recognizing an error and correcting is not in the reportoire of the shorter's philosophy. They are stalwart in their positions and any 'proof' of the flaws is like water washing over a ducks back, totally ignored. Their mysterious 'events' will be nothing more than a natural corrective phase of the stock just like QCOM, nothing more than a pause in a strong stock. QCOM was 'supposedly' overbought 300% ago, as was JDSU.
Having been involved with hi flyers for the last 3 years I don't forsee anything more in PHCM than a natural correction, basing and returned to higher highs. I was 'ridiculed' at buying NSOL at 21 as buying an 'overpriced' net stock with no earnings, same thing with BVSN at 13. Of course I didn't hold it since then, but they have been traded and held as intermediate positions dozens of times.
I'm not sure if the shorters did harm to the long positions, I think by now traders are used to the 'sky is falling' rhetoric of the shorts and have learned that it is part of the 'short strategy', should be ignored, and its not associated in any way shape and form with the actual quality of the stock itself.
The 'short' strategy is to destroy the 'faith' of the knowledgeable and to bring over those 'sitting on the fence' to their side solely in the promotion of their own agenda, getting the stock to fall. They failed with QCOM, CMRC, and again with PHCM. |
