New Member speaks his mind
I recently posted on the Yahoo board and received some third grade level responses. Then I came to this board and decided to give it a try for the fee. Don't let me down with your responses.
Yes I am short the stock. Without question that is the correct longer term position to hold.
Management and Softbank can only keep this ponzi scheme going for so long. In the third quarter (disclosed in the third quarter 10-Q filed at the latest possible date after the market closed on Friday the 13th) Softbank accounted for 8% of total revenue. If you look back at the second quarter 10-Q, Softbank accounted for 1%. That means that Softbank accounted for about a third of the sequential growth in revenue, probably more than that on the bottom line. So as I predicted on the Yahoo boards, I believe that a significant probability exists that page views will be flat to down in December vs. September. No Starr report, holidays, competition, etc. I have written a little prayer for all shorts to reflect upon over the holidays (BTW, the prayer should work for all religions, athiests not included).
Dear God,
Let us give thanks to you for the damage that will be inflicted on the stock price when December page views are reported.
Let us pray that management will not be able to gloss over this declive like they did with the declining CPMs last quarter.
Let us pray that management will stop trying to hide the sinful incestuous relationship with Softbank deep in their SEC filings.
Let us all promise to spend more time on other, better services, such as MSN, Snap, Go, Go2Net, Excite, AOL, Lycos, and many other free services.
Please console those insiders who have been selling their stock since it was in the 20s by allowing the stock to return to such levels.
Please help John Q. Public understand that when managment speaks about robust cash flow, a majority of it comes from interest income and tax benefits from stock option exercises.
And finally, please be merciful to management and the research analysts as they litigate the inevitable lawsuits that will be filed by every bankrupt novice day trader once this stock tanks.
Yours Truly. |
