RE:What I do not understand ...I think I can help answer some of that, Some of these shorts were longs who lost money on Concordia and then went short and are passionate now to see the company file for Chapter 11 so they will bash it at every opportunity. Some of the other shorts work for hedge funds and are paid to bash no different then paid pumpers where all appear now to have left the building. With that you also have Cohodes elf's who follow him religiously, you know them as the socially awkward kind that has taken his advice and shorted Concordia and many others and they need to reassure themselves everyday that their thesis hasn't changed while trying to convince everyone to sell no matter if the price is at $60 $30 or $2 because they're still in the game and believe it's going to zero or pennies on the dollar.
meetoo1600 wrote: Here is what I do not understand about the egg farmer and all of the other short sellers that predict Concordia's demise. We get your thesis. We even acknowledge that it may be correct. Concordia may end up bankrupt. What I do understand is why, given that everyone knows it, having heard it from you or figured it out for themselves, you have to keep repeating and repeating it over and over again, with incessant sarcastic tweets and jokes. If this not somehow in support of your own selfish aims, what are you hoping to gain at this point. The stock is already more than 95% down from its former peak. Are we supposed to really believe, at this point, that you are trying to promote some sort of public good? Sure, maybe at one time you were. But now? I understand that the egg farmer has a hard on for MT, and justifiably so. The law suit is stupid, and the Plaintiff was a horrible CEO. There is alot for which he should be called to answer. But what is to be gained at this point from excessive ranting about the company? If it is going to go bankrupt, why not just let it, and take your short-selling profits in due course? What does non-stop tweeting and posting about it do. Those who are with the stock now, know your message. Rightly or wrongly, they have elected not to heed it. Why not shut up and let things play out as they may?
The same applies to the short thesis on Canadian housing. IF HCG and EQB are going to go bankrupt as a result of a houseing crash, why not just let it happen? What is to be gained by repeating it over and over again, with jokes and sarcasm throughout? What is making fun of their CEOs supposed to accomplish? The compulsion to do so, if it is not somehow perceived to be helping realize profit from a short position, is, to me at least, suggestive of some sort of personality disorder. A commentator actually referred to that on BNN, although I think the precise words that he used were "socially awkward".