Craig, well if you are short,and have a position,I will not post negative comments on a stock. US law allows a person to disparage a company or entity if they are not directly profiting from the remarks. The other point is,I have been burned shorting in a mania before,and its tough to short something without earnings. There is no fundamental data that means anything to a stock heading upwards into the stratosphere like YHOO. People buying companies like this,and ATHM,KTEL,XCIT are not looking at fundamental data.
Its the Tulip theory that works here,I buy a Tulip at $1,000, I don't care if I can sell it to you for $1,100. Most of these stocks are tiptoeing through the Tulips with Tiny Tim.
But I am looking at Leap puts on some stocks,and looking at where I can do that effectively. But the premium is very high on Leaps.
Hiram |
