I'm pasting this post from amedaus from Aug 24, 2011 (over a year ago) because it's so funny to read.
I'm pasting this post from amedaus from Aug 24, 2011 (when the stock was $20+) because it's so funny to read.
By amadeus4153 . Aug 24, 2011 11:31 PM
"" Hey Shorty,
I have warned you before. But it bears repeating. You shorts are accustomed to having your way. But you have no idea what you are dealing with here in GORO.
You have likely never dealt before with a group of longs who are so intelligent, committed, well-informed and strong-willed. And you have likely never dealt with a management team who is so user-friendly and committed to the success of the company.
You all have a bulls-eye on your back. And that bulls-eye will be in the form of a successful execution plan by management. GORO has great ore grades, plenty of it, a low share structure (only 53 million shares), tight float (12 million shares or less), a regular dividend increasing as we go, high institutional ownership and high management ownership.
You are going to get destroyed. And we longs will be laughing at you when you scramble to cover. It WILL happen. The only question is when. ""
amedaus, be sure to tell us when we need to scramble to cover. now that the stock is at $3.00.
amedaus' bi-monthly short-report analyses were much fun. It was good for GORO when the short interest decreased and it was good for GORO when the short interest increased.
amedaus, can you please start these back up?
I remember amedaus claiming that the 5 million short shares couldn't be covered without driving the price higher. I tried to explain that shorts can cover while a stock implodes. Well, here we are. The short interest is down to 2 million shares. 3 million shares were somehow covered without driving the price above $20.
natasha teaches amedaus another lesson....
"" amedaus, tell us again how ALL special dividends are nontaxable! ""
Still waiting for an answer to this, amedaus.
"" amedaus claimed: "Although naked shorts do have a risk of having to cover, that risk is so much less than a regular short, it is generally well worth it for the naked short." ""
amedaus, admit that you were wrong to claim that a naked short has less buy-in risk than a short that procured borrow. You've been trying to duck this question for 2.5 years...
"" As I have been stating for years, accumulate under $3.50 and then be prepared to wait. ""
Actually, years ago you were telling people to accumulate under $20, barsolid.
I'm continuing to shine very brightly, amedaus. My strategy has been awesome and portfolio has performed very well. You don't understand how a portfolio can do well despite having one short take time to work. That's because you only ever buy one stock at a time. How is your middle school glee club teaching job working out for you? Is it providing you enough money to buy a few hundred shares of GORO?
"" you are backing off your claim of this stock going to zero. ""
I've never claimed that this stock is going to zero. Again, GORO can continue to dilute shareholders by selling stock for years. In these situations, stocks usually follow a natural log decay downward curve. If you were educated, then you'd know that natural log decays never actually reach zero even if they asymptote at zero.
Goro is now moving back towards a buy area. Anything under $3.00 here is good longer term. We hit 2.90 this morning which bounced off the 50DMA just as I stated a week or so ago and now sideways until the next shoe drops. Continuation of PM rally would be helpful. We will see.
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Adios then!, Dont let the door hit ya in the butt on the way off of this board