Robert,
I don't have any ax to grind here, I also covered my short position at the close last nite.
I don't have alot of research on this as all I saw was the news come thru on the tape, and any time I see a reference of "Cooked Books" triggers a short position with me, But when it refers to not only accounting practices but fraud, lawsuits and Gitano all in the same news release it's a no brainer, short now read the rest later.
As far as Bost goes, much the same position, funny books, tons of debt, etc. etc. etc same O same O.
I hold no position in this at this time.
Will it bounce back, I haven't a clue, if they are honest and forthright with the shareholders and lay it out on the table without
flooding it with BS, private placements, re-stated earnings that are worse etc maybe.
I think the thing to watch out for right now and trust me I will be watching for the end of the lock up period,if i see 144s come up,red flags will go off and I will be back in short in a major way. This is just my opinion, but that where I'm coming from.
I do wish you and the rest following this the best of luck!!
I could elaborate a bit further but I think you get the drift.
rt |
