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Technology Stocks : Worldwater Corp
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To: peter michaelson who wrote (343)8/7/2007 2:14:28 PM
From: Q.  Read Replies (2) of 384
 
Peter, it's good to hear from you.

I've been shorting plenty of stocks. My overall picking strategy isn't much different than it was several years ago when I was a more active poster.

The reason I posted re. WWAT is that, unlike most of my picks, it had an active thread here on SI. I haven't checked SI very often because there are so few active threads on stocks of interest to me.

WWAT only represents about 2% of my short portfolio. The reason I haven't given it a bigger allocation is that it chews up significant margin, because of the share price. Otherwise it is appealing for the reasons that I listed in my OP.

WWAT continued to soar for a few weeks after I posted, reaching a cap of $410 million. That was pure froth. It's still ridiculous at the current $260 million, which is slightly higher than the price for my starter position.
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