In the area of high beta stocks, last Aug.1 I held YY shares and they dropped from 43.7 to 41.5. Then earnings came out before the Aug.2 opening and YY rose 10% before selling came in. Yesterday YY finished a 5%rise in 2 days to 52.9. This morning after earnings YY dropped 10%....past results are no guarantee of future earnings.
a month ago Muddy Waters slammed Kinder Morgan as a House of Cards and Ponzi scheme. Kmr went down $2. Muddy collected their short profits/or not. Now KMR is up $4 from there. KMR is only a house of cards in the opinion of Al Gore, who is betting that the Democrats will sweep the House in 2014 and have a super majority in the Senate. Then the Dems will be able to do Gore's bidding: make all carbon fuels coming out of the ground so expensive that we will beg for all renewable-made electricity and buy up electric cars, junking our current cars and trucks. That is the view that Gore has propagated. So do we believe this and a "spotless" record from shortsellers like Muddy Waters or do we see a muddier future coming politically?