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EarthLink Holdings Corp. Message Board

  • mccormickred mccormickred Aug 12, 2013 5:14 PM Flag

    10 yr low. Congrats Rolla

    Was McCormick Red right? Short this to $3. Shareholders should dump Rolla. He is out of control.

    This company is not in growth mode, but survival.

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    • Are you going to short with idea of setting it for $3 or are you joking? If you're going to attempt to short to $3, let me know so I can watch your posts. I'd not advise people to short this stock now that it has hit or is near hitting a bottom but I'm curious as to how many people lose people going short since in my 32 years in the markets, all but one person, I've known that shorted stocks, lost big money.

      If you think ELNK is going to $3, you might first want to remember this is not just an ISP anymore and you are dealing with CLOUD too in a company that has not been doing well sure, but the stock price is overly punished, people like I am are now taking up long positions for the first time since the 90s and ELNK is a perfect buyout target now at a low but at least 300% profit price such as $15 per share.

      JMO of course and good luck to you but if you short to $3, I do believe you will need a whole lot of luck.

      Sentiment: Buy

      • 1 Reply to marketbandet
      • First off, I am not shorting with reckless abandon. If you want to follow my track record, look at the last year of posts. It has been clear, this has been a prime short since $8. The lower it goes, the more profit is taken off the table. I am actually mixing more in the money puts, and a few $4 puts and few calls now that are way out of the money, just to hedge.

        Why am I shorting and have been shorting? That is really easy to answer. The leadership is a joke. ELNK has no sales department. The implementation and process is a disaster.

        The biggest reason: 10% of the data centers are filled. I don't care if they claim that they are paid for, which, if you don't understand data centers, is a complete misleading statement. The cost to just keep the lights on is astronomical. The cost of support and maintenance is through the roof. You can't tell me otherwise. The cost of carriers to connect the network is HUGE. There is zero leverage with these data centers, they are bleeding money. You think VM ware is going to stop sending bills?

        Just wait until the next few quarters, they will have to report the operational cost. Do some research on utility bills alone, real estate, and cost of employees. Cloud is on expensive idea, see salesforce.

        Is $3 a safe short? Yup, so isn't $1.

        I keep hearing how promising the future is. Why? Really why?

        You know companies are doing there DD on where to house data centers. ELNK isn't even on the top 100 companies.

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