Wexler's last post was interesting. He talked about his more successful bullish calls on stocks. Presumably to reestablish his flagging credibility.
Then he added his mantra "Valence is a fraud, yada, yada, yada...".
If Bill Wexler is to be believed, than he did short the stock (at least 25,000 if memory serves me, perhaps 50,000) at $ 7.50 or so. So as of today, at least, he is the loser, despite calling Valence "Sucker!!" for months....
My opinion is that we will have at least one and probably 2 additional contracts announced by year end. And this will prove to be disastrous for those short the stock....
So I am delighted that Bill 'says' to short the stock, since he is probably stuck in a losing position in it as a short. Couldn't happen to a nicer guy (well, I can think of at least one poster whom it would be nice to happen to...). |
