It has been a while since I posted last, but enjoy the 'entertainment' provided by viper, etc... Bottom line is, I have always been long but have sold at $10.60 and $11.40, although am still holding a core position. I personally feel that anyone holding a significant number of shares should be taking some profit at these prices.
Aside from rumour mongering and various opinions from "professionals", the court decision is not ours to make. So by default, despite what we may think or feel, there is room for the decision to go either way, simply because life is unpredictable. Any chart... of any stock... after a quick rise in price (ie: 100%) experiences a pullback, no matter what happens afterwards. I have seen stocks pull back on what appeared to be excellent news releases.
I still personally believe that KRY will win, and am still holding some shares to the end, but emotions should not play a role with the sound investor who must play by certain rules such as #1 don't lose money and #2 see rule #1
Shorters can also be wrong, because they cannot predict the future any better than anyone else. Having said that, there are informed investors (long) and informed shorters. Asensio is no dummy and his call on Solv-Ex was correct. I am concerned that he has put out a sell on KRY because EVEN IF HE IS WRONG, he may have a negative effect on the stock, even if it is just short term.
Just my thoughts.
mc |
