who is cliff brown?
it's becoming pretty obvious you picked the wrong issue to short. did you just throw darts at the WSJ or what? save yourself some coin and at least buy some OTM calls sandy. you'll be glad you did!
i'm long too. have been for a while. if you search this comment board you'll notice i was screaming long when this was at $7.
over that time i've noticed a consistent pattern - when everything appears to be on the up-and-up, the issue has a tendency to do the exact opposite.
so i'm simply stating, it's not as self-evident as it appears. and the sun is exploding constantly. that is the nature of the sun. i would be far more worried if the sun was not exploding.
NTB - i don't think it's retail. if it was retail shorting this message board and stock twits would be flooded with negative sentiment. that's just not the case.
it's another reason why i'm a little worried about the large and increasing short position. it is coming from hedge funds and they do not appear to have scaled back.
there also doesn't appear to be a large increase in OTM call activity. so i really don't know what to make of the whole thing other than it being very, very bizarre.
yeah...sandy really needs to get that $12 pipe dream out of his/her head. it's even more far-fetched than a symantec buyout!!!!!!!!!!!!!!!!
agree with the both of you. if i could own 100% of either Vasco, cyber or Feye at their current valuations i would definitely go with vasco
it was a case of expectations getting ahead of reality. EMC's buyout of RSA happened in mid-2006 and the multiples applied to vasco indicated a rich premium. when the buyout never materialized and vasco's revenue growth didn't match expectations, the stock plummeted. there actually was a pretty good video of KH speaking to a class at UChicago in November when the stock was tanking. it's quite enlightening to get a better sense of the man.
i think much of what you've seen on and since the last earnings call has been KH's engineered dampening of expectations to prevent this very thing from happening again. the guy is now pushing 75 and the vast majority of his wealth is tied up in vasco shares. he simply can't afford another round of losing 90%.
just my opinion. i continue to be way long (albeit nervous i'm unaware of something lurking under the surface w/ regard to islb3's latest postings)