Roger,
Hope that you remember that I sent you a note suggesting that you long YURI about a month ago. It was being traded at 20 1/2 at that time, and closed today at 31. Technically it is looking for a quick test of 35 level.
Also suggest that you guys take a better and more sound research on YURI. (I believe that most shorts are smart but if they look into the situation more carefully, they will have much much better performance). All of the questions raised by our dear Herb in his column last night was answered through the conference call (you guys can find the CC # in YURI thread) and this has been the second time that our papa Herb slammed YURI in the last two weeks (it has gone up 30% since his last honorable mention). Read his last comment about two weeks ago and talk to any long term YURI long and you will know why papa Herb is making himself a target of humorous talk.
It is also rumored that papa Herb's buddy Cramer is involved in shorting 1 mm shares of YURI (Amen!). And to make things more interesting, it seems that uncle Asencio is likely behind the scene. YURI has less than 9 mm shares floating, however 3 mm shares shorted by mid March. Most of them accumulated in the low 20s. (a nice squeeze?! How many of those shares were covered today and yesterday?)
It is also well rumored that Merrill Lynch is buying this issue heavily recently after Morgan Stanley accumulated this issue. A strong buy upgrade by ML is on the corner...Maybe the best way to short this issue is to wait until it reaches high 30s so that you guys can have lower risk and high potential return. At least, I wish that you guys are smarter than Cramer on this issue. And won't it be smarter to go short at least until a wave of short squeeze subsides?
I can't remember the last time I made a wrong call on a stock.:) From IDTC,AOL,AMZN, YHOO!, FGII, GIFI, CYMI, DELL to YURI... Haven't made a single mistake for a quite long time!
good luck for the short,
larry!
BTW, can anyone give me any information with respect to uncle Asencio's performance this year? Isn't it stupid to advertise himself in NY Times and ask for help from the NY city officials?:) |
