Shane:
I was reading this thread this morning. Let's be clear that I got into CTYS long after you did, after announcing that you had bought 25000 shares and that you felt great about CTYS's low EPS, and that you expected to pay off the mortgage, etc..
Sure many of us got lured to CTYS and lost. I did some analysis based on a limited information we had. But, I detected the problem around 9 3/4 and by the time I could quit, it was 9 1/8, which I had posted immediately here. The point of my entry was around 10 1/2 when Bear Stearns extended $300 mil credit and the stock did move from that point to $12+. The point of my exit was when CTYS filed for extra shares and the stock began falling. If any one really trusted my round of analysis for quitting, he/she could have saved a bundle.
Sankar
Zeev: BTW, if you are an expert in the stock market, you would be a billionnaire who wouldn't be wasting a huge amount of time to make numerous posts on SI. Incidentally, Zeev, I did not recommend to short YHOO at $50, although I talked about YHOO as one of the over-valued stocks when it was in that range. You can verify the YHOO thread that around the same time (when the stock was at $50) and I posted that it could go at least up to 60+ by mid-January. I had also posted that I was not a short on YHOO (go and verify). |
