Funny how that works, isn't it?
I feel sorry for all these idiots who are not very educated and are natural-born followers. Hopping on the train just as it arrives at the junkyard.
Bullscheit paid post, all caps to garner attention, pretend "I actually do" support, shorts getting reemed and now pulling out the 10 cents a dance posters. Desperation time.
Did shorty's margin call come by robot or a live person? I remember Merrill gave me a robo call first followed up by my "broker." It's not very pleasant, is it?
Good post. Stock is unbelievably cheap, .3-something times rev's. They closed the dogs like Koo Koo Roo. But they can't turn a black dime. Seems strange--why do they care?
Good post--and one of the reasons shorts are going to get butchered. They are riding a one trick pony (a questionable 60 minutes segment) and ignoring a lot of things that built this company and give it an edge in the marketplace. The laziest kind of investing.
If not, you are not acquanited with the technical impact of repeated rounds of selling whereby every weak hand is grandually shaken out. All that's left now are shorts, whom I feel kind of sorry for ;).
Some laminated flooring recently has been the subject of “deconstructive testing” -- the mechanical removal of the outer laminates and finishes by planers or sanders to expose the substrate. This type of testing is not required by CARB to demonstrate compliance. CARB has used this approach as a “rough” screening method, but the procedure is not part of the regulation nor has it been adopted by ASTM or other consensus standards bodies. The deconstructive method is “rough” because the process can fundamentally change the emission properties of the panel substrate. It should only be used by professionals who understand its use and limitations.
this is an extraordinary set of circumstances--a short attack, a 60 minute episode, a co. call explaining the issues, a trading halt. you'd expect high volatility wouldn't you?
Love how the "falling Stock price" is cited as a reason for the downgrades.
Clifford Odetts said it best: 'someone louses you up and then someone else calls you a louse.'
Ego. Pure and simple. The guy is trying to make a name for himself.
You can't believe how small a lot of these Wall Street guys are. Think about it--all they have are bragging rights about the money they make. That's literally their entire world. They don't have hobbies or other interests, other sources of self esteem. So the guy overdoes it. He almost has to; otherwise how does he sleep at night?
It's called a SLAPP motion in California (Strategic Lawsuit Against Public Participation). It's ridiculous for them to claim that--they had a commercial profit motive in making the statements. Sure loser.
Yeah I saw that in the slides. Kind of a gimmick but on the other hand I think the whole "meta level" of his approach is that the 60 Minutes story is scare tactics bs because 1) the floors have a sheath on them that dramatically mitigate a high core formaldahyde level and 2) there are other household products that significantly impact that level to begin with. In that sense, testing helps his case--"let's ask what you are breathing rather than what a test of the insides of one of many products in your house shows."