Well, here is an example of what can happen when the longs hype folks into a position. But we never seem to here about how the longs are posting 'for profit', or trying to 'manipulate' the market, or any of the other nonsense charges leveled at short sellers. Of course the fellow below blames the 'bashers', and not his own poor due diligence. It really is amazing that he can't see what really happened.
'I'm writing with a heavy heart and tears in my eyes. I have worked hard all of my life, always trying to do the right thing for my family, friends and the world in general. I have never taken advantage of another person in any way. I have scrimped and saved over the years as I did not have the luxury of a company pension or retirement plan. When I became aware of CYBR and the EHC, I did voluminous amounts of research and only after I was totally convinced, I started buying. I admit that I probably got caught up in all of the good repartee being bantered about the boards and violated some of my own basic rules of investing, but I really believed and in fact, still do.
'I have literally lost everything I have worked for my entire lifetime. A woman whose husband bought into CYBR on my recommendation called me his morning in tears as she thinks her husband is going to kill himself, as he did what I have done. We are both 62 years old and cannot recover from this. I called their son and told him to get over there. This is one of the most decent human beings you could ever hope to know. His life is ruined now. They are both sick and have less chance than I do of recovering from this.
'The part that is so hard is realizing that there actually are people in this world who can be this mean-spirited - people who get their pleasure from causing others grief. I think a number of the "bashers" have no other agenda other than to amuse themselves. Of course, there are those who do it to make money at the expense of others too.
'I did make a giant mistake by buying on margin. I have had to liquidate shares several times for margin calls and thought that the nightmare was finally over. Then this week happened. I am now so far in the hole that even if I liquidate totally, I still owe! Now that's incredible and shows the dangers of margin. I have until tomorrow and I don't know what to do, other than hope for a miracle
'Even though I haven't participated much, I have read every message posted on the board and feel that I know and respect a good number of you.
'I have talked to Mike Morrell on 2 different occasions and feel he was being truthful with me. Even after interpolating "salesman talk" I was convinced and still am (until shown otherwise) that he is a good man and the company is sound and has a wonderful future. It's just that now, after enduring all of the pain of the last few months, I won't be able to share in the final rewards. I even took a second mortgage in March to pay margin down, so strong was my belief in this company. Now that money is gone too. So instead of looking forward to a nice retirement, I will have to hope I keep my health and am able to keep on working. This is a hard fact to swallow.
'I really don't know why I'm posting this. I realize that the ones that I respect will empathize with me and that the others will have yet another source of amusement. Hopefully, writing this will have a cathartic effect on me.
'I have been through a lot of troubles in my lifetime, but I can honestly tell you that today is, without question, the worst day of my life.
'I wish all of you well.'"
siliconinvestor.com
Regards,
Barb
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