Why buy a stock because one person says that it is a strong buy? Seems that he does well when he recomends a stock and everyone runs out and buys it. When he said that it was a strong buy, was he talking long term, or a strong buy to day trade it? Wait a month or at least til after earnings and it should be a different story.
TS newsletter should provide(stress should) some guidance on a variety of his stock selections and some very,I thought, ambiguous advice via his subscriber alerts this week. Should his advise include EVOL, it could make for an intersting Monday. Hopefully a better week coming all around.
However, if you will notice the short percentage really increased in January over December. So, shorts will probably attempt to cover prior to earnings. Also, many ultra-small cap mutual fund families did own EVOL. It had such a massive in 3rd qtr of 2003 that most of those funds took their profits (i.e. Bridgeway Funds I'm sure). Anyone holding long was silly once it reached the 18 area from $7 so quickly. I agree that Tobin Smith should be more specific. However, we should have our own mental stops if Long, then Short. I am surprise EVOL make it below $10. I re-entered at $11 and though $10.16 was support. Well, I was wrong on that one.