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  • bu7542003 bu7542003 Jul 26, 2012 3:16 PM Flag

    Silly Hedge Fund Short Attack

    No actual news, but the Hedge Fund shorts who have gotten slaughtered in this stock as it has risen 600% the past 2 years are fighting back. They are using their favorite tools, they put out an anonymous article in the Hedge Fund #$%$ article forum known as “Seeking Alpha” that is full of lies and deceit while simultaneously launching at a joint “short attack” in which multiple hedge funds start selling short 100 share lots non stop to take the stock below its “moving averages” which triggers more automatic selling by people who don’t know what they are doing. What does this all mean? Nothing in the long term and when you go back and look it a long term chart it will be just background noise. These same attacks were launched about 10 times against EBIX during its monster 60 bagger rise from 0.40 to 30 split adjusted from 2003 until 2011. All ten attacks were successful in the short run but failed miserably in the long run. They did the same thing with Jos A. Bank during its monster 75 bagger rise from 0.8 split adjusted to 65. Don’t be one of the fools who gets scared out or stopped out.

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