It does not mean a thing. Most 10Q report for companies who still in red have somewhat similar disclosure to protect their behind.
Don't get me wrong, I love to see GOTO pull back and go below 15, as I have shorted GOTO 6 times from 15.0, 16.5, 17.9, 19.9, 21.5, 23.0 and lost money on all of them.
If you think there is other reason why GOTO will fall, please share them as I love to hear it, but if you think that a disclosure on their 10Q is the main reason, then I think you are in for a big surprise.
I currently have no short position as I have covered my last GOTO short yesterday at 23.43. Would love to SS it again, but after 6 kicks, my a$$ is a little sore :)))). But thanks to KOPN, I am not doing so bad as I ride KOPN from 8.5 last week to 13.75 today,and made up for all the lost from SS GOTO. still have some KOPN shares and will buy back again if KOPN pull back near 12.50 tomorrow. If NASD cooperate, we may see KOPN at 14 again.
Happy trading!
Daimio |
