It's a strange, topsy turvy market when everyone believes a so-called "charge" is not a loss. Well, it's a loss, man. What's more, they backdated the loss after patting themselves on the back initially for "beating estimates". Yeah, wow, now with that "charge" (hey, not a loss, don't worry) out of the way, they can "blow out" next estimates too.
In other words, management is deceitful, deceptive, and manipulative. If I were a shareholder I'd be pretty angry. Oh, I forgot, it's not about doing business, and there are no shareholders. Just a casino wheel and a lot of short covering.
I guess Netscape was an even better short at 70 than it was at 50. With that in mind...I'm outta here...!
In "short", I think I'll try again some other time.
See you in September
Geek |
