JUNK!!! the next stock you short give me a call. I will take out a fat loan on my house so I can go long. Sorry ass Individual. Its funny I don't see any posts. must be out selling your ass to cover your short. LONG PRSF
Hear me out. I bought PRSF last week for a pre-earnings run-up and perhaps a short term hold beyond. Like many others, I've been hammerred this year by investing in tech stocks during wave after wave of the sell offs. I respect the shorts for their success in calling this bear market correctly, but hate the ones who come on the boards and harrass the hell of longs.
A few weeks ago, I was invested in another tech stock and down a few percentage points. On earnings day it ran up about 14%. Yeah baby, I held. The report was similar to PRSFs, nice surprise. A short immediately came on the board and started running his pie-hole about the impending a.m. sell-off. Other longs and I jousted back and forth on the issue for awhile.
The a.m came: stock went up another 5-6%, .....that lasted about 20 minutes. To my horror, it slipped, slipped, slipped, and closed below my original freakin' entry price. I held a few more days, then bailed out with a loss(good thing, has lost another 10-15%).
When I saw PRSF tanking at the close yesterday, I had my finger on the eject button, but couldn't stomach taking a small loss with the report only moments away. Also, a look at the earnings date performance 3 months ago, showed NO pre-run-up, but a nice pop the following day. I decided to hold-I guess I had a feeling about it.
When PRSFs report came out, any idiot could see that it was extremely favorable. With no pre-earnings run-up to speak of, PRSF was bound to get at least a modest lift the next day.
However, during the past several months, I�ve freakin� seen it all. A drop would be just more unexplainable bull$hit. One thing I knew, �..the shorts would be arriving sooner or later. Considering the gravity of the earnings release, it would maybe be only a moronic one or two. I took great pleasure in trying a little experiment. I came on the board using an old identity, and played the role of a stupid a$$ short. Perhaps doing so would horrify and discourage legitimate shorts, perhaps the idea came from my own irrational superstition. So often, I�ve relaxed and waited for news to take a positive effect the next day, only to see a drop.
I know, nobody is buying this line of crap, ��but hear me out. The burning question for me has always been (I�m sure others will concur): �How much impact do comments, bashing, intelligent exchanges, etc. have on the stock prices�. Clearly, it is faulty to believe that the impact is huge, but perhaps more in error to think that there is no effect. I wanted to be careful. After all, a chunk of my IRA was tied up in PRSF. So, I set out to portray amazingly idiotic short. Note the lack of content of my posts. I made sure that what I said was not SO ridiculous that people would consider me to be a complete nut case, but I did not wish to scare off any investors who had a shred of intelligence.
The response was very satisfying. You guys were brutal :o) I don�t believe I saw any other shorts, (ridiculous,�..who would be shorting?). But they took forever to finally come in today. THEY HAD TO: any stock with all that publicity and a 20+% spike is going to get a little short interest. I expect a pull back sooner or later. But I know they will be fried if they delay covering too long. PRSF has arrived.
Anyone who wishes to dispute my claim that this was nothing more than an experiment, feel free. I am convinced that the degree of PRSFs defiance of today�s market sell-off had nothing to do with my actions. The street just miscalculated this company, .....probably.