RE:RE:RE:Hedging lossesEric likely sold all his stock into the rally at the end of the show, and next time he is on will throw ARX in his bucket of old ideas with ATH that is just ditched, or SU that he promoted and did a flip before earnings.
Eric ideas around share buyback only benefit him and reduce the investment community and exposure of the investment community that would otherwise invest in a stock if it provided a meaningful dividend.
QuickDraw
So your at the OK corral and keep your finger on the trigger, and see if you can look int Eric's eyes and out draw Eric's professional team in making a quick flip on ARX. Do you really think Eric is in here for the long haul? your dreaming.
My thesis is this, if Eric recommends a stock for a number one pick sell it as he is likely promoting it to do the pump and dump.
Eric is a trader and not a buy and hold type person.
ATH
On November 5, 2021 ATH traded at $1.24 high and Eric made it a number one pick that day. On November 8 ATH closed at $1.55.
Now fast forward to Friday and Eric ditchs the stock and it closes at $1.12 and says he has unloaded all his shares.
Jan 28,2022 the share price is below what is was trading at when he made it the number 1 pick, and the company is in much better shape as a company, the only difference is that ERIC does not own 10% of it anymore.
ATH produces thermal oil, you would think with the price increases they would be excited for the future of the company, although he did mention that the company was forced into some hedges that limit its upside. Sound familar?
Really if Eric owns a 10% interest in a company and makes it a number one pick, he is only looking after one persons personnel interests, his own.
IMHO