Can't be very much fun losing over 11.6% of your investment in one day! How long will it take at a million a day loss rate before you decide it would probably be best to cover?
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Live by the sword, Die by the sword, Asensio. I hope this fiasco puts you out of business, just like you TRIED to do to HEB.
You DO know that there were rumors here on SI (on one of the shorting threads) that Asensio was shorting this stock for about a week before the sell recommendation, don't you? I'd say he's still sitting on a considerable profit. Also, looking at the successful 19-0 streak he claims so far I'd bet he could even afford to lose one.
Yes, I remember feeling good when IPMCF, the scam I was sucked into, moved up against the shorters. And it did, many times. Alas, it didn't last. Maybe this will. Maybe not. IPMCF had a strong buy recommendation from a no-name firm, too. They also were featured in a positive light by CNN in their battle with the Arizona Department of Mining. The supporters were able to dig up all sorts of nasty things about the first firm that issued a sell rating, Key West Securities. Every time the stock was up a point everyone gloated about how much the shorts were losing, asked how much they would take before covering, talked about how all the shorts would run for the door at the same time, etc, etc, etc. I've seen nothing different yet. |
