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Non-Tech : Emcore Corporation (EMKR)

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To: Hawkmoon who wrote (571)5/17/2008 7:36:32 AM
From: Rock_nj  Read Replies (1) of 640
 
It looks like Citron and Andrew Left's short attack yesterday had little effect on EMKR's price. This is Citron's 4th attack article on Emcore, and each one is having less of a downside effect. Mr. Left is starting to sound like the boy who cried wolf. I read his reports, and they are full of rumor and innuendo about the people he is attacking, and short on substance. He could have covered below $6 after his second attack. I'm surprised he's stll short at $8+?!?

I think there are companies that are worthy of shorting because of hyped up stock prices, but I don't see Emcore as a good short candidate, at least not now. Emcore is poised to report their first quarterly profit in a long time next quarter, and projected to be profitable afterwards for 2009. Also, they have the solar IPO in the works, and are just starting to get recoginzed as a solar company. Look at the solar stocks roar as oil and other energy commodities make daily highs. Retail electricity in the U.S. is moving closer to the cost of solar power every month. Solar is just getting started, and so is Emcore.
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