Another great article by Seeking Alpha killing yet another stock rally. I always like the part where they indicate they have no position of the stock. Until they bash it so the price drops so that they can get in. People listen to seeking alpha like its the bible, but an article from AP or Reuters explaning how the LED market will be exploding is dismissed as speculaton. Major news sources do research, Seeking Alpha is based on some guy's speculation which usually is negative. People, remember, there are no more incandescent bulbs sold in the US anymore. There are only 2 options: CFC's or LED's. LED's are preferred as they last longer and are more energy efficient. Now that their prices are coming down, the long term expectations are that their sales will increase. This stock debuted at $17 a share. It rallied from 60 cents to over $2.20. People panicked and sold.
Anybody that listens to the fertilizer spread at sprouting alfafa deserves what they get . It's a place where "anal-cysts" pretend they know what they are talking about ' But it's free so take it for what it's worth or what you paid for the advice
The hedge that fool works for at Seeking Alpha oblivious has a short position that was getting hurt so they had to drag it back down. Sometimes i wish retail investors would wake up and not listen to that BS. Look at the BS that author has wrote, all are negative and released on a rally.
Another article, another drop in price. He may have no positions in the stock, but I'm sure he is receiving compensation from the shorts. What is really sad is that there are people out there that listen to what he says.