RE:New to the boardBullfighter....I am in the same boat. I bought on the way down when I saw clear evidence of a short attack, first at 37, then all the way down to 27, when it was at 25.50 I had an order ready to execute for 2000 shares, but at that point I was already at least 30-35k underwater and was beginning to question my thesis and the sanity of following it down. Wishing I would have executed, but at the same time, that caution has sometimes helped me, so on balance I am fine with the decision. I would often go on boards to get info before, but rarely contributed. Didn't really have the time and typically my investing timeline is longer term, so I would go on boards to get information on why a stock was dropping and determine my entry point. Also to see why a stock I am in is being shorted, as there will often be posts touting the short thesis and I can decide if it holds any water. I decided to make an account and post on here as I wanted to warn others about the shorters, and to make sure they don't panic dump their shares. Call me old fashioned, but I find the prospect of some short swindling retail investors out of part of their retirement or their kids eduction with distortions and induced panic to be reprehensible. I personally think that laws on naked short selling should be changed and saw clear evidence of this happening in this stock. I work as an actuary, and typically have my head buried in spreadsheets all day, so don't have much time to day trade or even watch stocks until after the trading day is over. However in my free time, after market close, and on the weekend, I will often do detailed analysis on certain stocks and the market as a whole. I would caution about assuming anyone with detailed stats or a lot of info is a shorter. There are lots of posters out there who may have expertise in other fields but can still contribute a lot of detailed analysis. For me, the clear sign of a shorter has to do more with their attempting to use a little bit of information and twist it into something much bigger than it should be. Also, a short will not often respond directly to questions about their posts or engage in a normal back and forth discussion. Often they simply spam the board and try to burry decent information behind an avalanche of useless or slightly negative info. They will paint anyone who questions them as a pumper. Personally I have witnessed more than a few short attacks and find the pattern to be clearly discernable. Look at ALLOVERMEDIA post history with CXR and you will get the idea. Best of luck!
Bullphighter wrote: Up until I bought CXR a few weeks back, I had no knowledge such boards even existed. I have spent the past days trying to figure out who exactly is full of chet.
Basically, the posts that are full of stats and have far too much info in them are the shorters. What
kind of person with that kind of knowledge is writing in blogs? Exactly NONE !! unless he/she is being paid. I still do not understand how someone can borrow a clients stocks, legally !!
How long have most of you posters been in this blog? I saw this awesome company falling, due to Valiant's issues (Greed) and jumped on board. I wished I had waited a week longer "snifff" Then seeing all your posts, made feel comfortable to double up. I have a decent position now, but man that $25 would look sweet today. I starred at it for an hour that day, just couldn't do it (((
ty ty ty ty ty to all of my new friends ))