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Remember the Ford Pinto? Molotov cocktail.
Fukushima Daiichi nuclear disaster, complements of GE engineering scandal.
Good analogy that makes sense. 60 minutes story = pure BS!
Why would another buyer want to do business with a company whose manager admits that they are doing something unethical? Makes no sense anyway you look at it.
He could have just declined to comment if he knew something was not as it should be.
Oh! the business world can be a very dirty place. And they get away with plenty.
It is a possibility.
I was thinking what FOOLs went short down here. GS upgraded to a buy with $40 price. Why not wait and see which way the wind blows and wait for 40ish to even consider shorting. Has shown nothing but strength from $27s Gamblers always get burned. If I were short I would cut my losses. For all anyone knows Tilson may have already covered his short and left the amateurs to burn.
They said cell phones caused brain tumors. Stock got hammered and it was a great buying opportunity.
No wonder Goldman says buy, they know the truth.
Hedge funds investigated and know the true facts and are buying.
"Large Inflow of Money Witnessed in Lumber Liquidators Holdings Inc
February 13, 2015 by Joe Willams
Lumber Liquidators Holdings Inc (NYSE:LL) witnessed a selling pressure and the shares last traded with a loss of -1.41 points or -2.2% at $62.8. Investors jumped in to buy the shares on weakness. The net money flow till latest update was calculated at $1.93 million with an inflow of $17.42 million in upticks and an outflow of $15.49 million in downticks. Using the data, the up/down ratio is found to be 1.12. This is very significant and implies that the smart money is buying the counter on dips. The share price has recorded -3.38% on a weekly basis.A block trade of $5.38 million in uptick and $4.77 million in downtick was also observed, resulting in an up/down ratio of 1.13. The net money flow of the block trade stood at a $0.61, signaling heavy buying."
How many retail investors got sucked in by the above article?
Next enter 60 Minutes story and the stock gets trashed.
Something very rotten occurred here.
Just another WS SCAM!!!