How true your words Russell!! Everyone keep the following in mind. When a LONG player gets wiped out, they can no longer buy. Correct?
However, when a SHORT player is broken down after covering, they can sit back and watch and wait for a stock to finish its rise, plateau, come back in with their own brand of negative hype and SHORT. Remember, Shorty is a wholesaler. He doesn't have to deliver any cash when he shorts.
Don't get me wrong, I love COCONINO. But we must not get too wrapped up in our exuberance to forget that Shorty can lose many battles and still come back to wage his war.
BTW, does anybody have a clue as to the distribution of Shorty's shorting. For example, how many shares did he short above $5, at 5, at 4, etc.? This would be very helpful in determining how much pain he has and will take on this one.
TraderGreg who is Cuckoo for COCONINO |
