RE: RE: Orbite Actually, he was totally consistent. He begrudgingly gave Orbite its due, he admitted that he was and had been short, and then he said that his concern was NOT the process, NOT whether it works, NOT that the whole thing is a scam... his concern is commercial viability.... in other words, they can produce that one ton and more, but can they produce it cheap enough to make money, or at least the kind of money that they forecast.
And interesting enough, while I don't like today's share price, I do like what he said would be his catalysts, because I think ORT is very close. 1.) A major announcement of substance. 2.) A major oversold situation.
I also don't see the piece as nearly as negative as some here do. Shorting is a fact of life in capital markets. I can't recall if he actually said this, but the inference I drew is that when ORT turns the corner, he'll be long. In short, he said "close, but no cigar". But he's got the cigar out of the package just in case! These guys will try to make money with whatever trade they can. Many of us have a different philosophy. As I said yesterday to a small group of friends for whom I am the "ORT-minder", nothing fundamental has changed and ORT continues to be one of the main building blocks of my retirement... I see not only large capital appreciation in the future, but also dividends. The market doesn't like where ORT is right this minute. Weak hands are losing their comfort and selling off. But almost 2 million shares were bought yesterday around $2. I'd be buying too if I was not already fully invested. I picked some up the last time it was down here... all the way down to $1.61. Glad some others are getting the same chance. CONGRATS TO THE PEOPLE FOR WHOM INVESTING IS MORE THAN A POPULARITY CONTEST!
I agree with your assessment, upndown.