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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Asymmetric who wrote (29320)	12/18/2007 11:22:19 PM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78742

Well, they were making a lot of money last year. So the stock was way overpriced. When it was mentioned for the first time on this thread, I said so. You are right that it fell 71%, but you're on "Value investing" thread. And at the 71% haircut, it is attractive whether you have 24% shorts or not. It has been said that shorts are smarter than longs because they do their homework. Actually, shorts that go around shorting stocks way into decline are as stupid as longs buying stocks into stratosphere. Of course, they all have their justification now: "This is going to 0", "Recession is imminent", "The world will end on Friday", "Ha ha I made 15K you stupid longs". No, I can't guarantee that CWTR will go up from here and I won't encourage you to buy it. I might even not buy it myself, since there are a lot of opportunities. However, basing the decision not to buy on the stock decline percentage and short interest is IMHO not very smart. OTOH, management change from the founder is not a good sign. Thanks for that. Good luck