How's this for a POS?

Just an update on RSTO. Its around $8 (when I posted it was around $11). My target is around $7 but who knows if it will actually get there.:p
 
Originally posted by Babak
You think that it tanked because people shorted it? :D You've got a lot to learn grasshopper.
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no, teacher, that is not what i said. i think he got short and told the whole world what a pos it is. have i taken the pebble from your hand?
 
" must be nice to be able to get short and then trash the stock to every daytrader in the world..."


Isn't there a guy named Elgindy that is in a world of trouble for doing exactly that?
 
chasinfla,

My post was tongue in cheek; hope you didn't take it seriously. Mike Swanson is just bringing a pos to the attention of others. Sure he has something to gain by it tanking, but its not a sure thing it will. He has a great track record both in trading the markets in general and in finding great shorts.

Herb Greenberg also scouts out foul smelling companies but I fail to see how that, is somehow illegitimate (sure Herb doesn't trade but still) or wrong.

In any case, I just brought this to the attention of the board and left it as something intersting to consider. I think we are all intelligent enough to do our own DD.
 
Originally posted by Babak
chasinfla,

My post was tongue in cheek; hope you didn't take it seriously. Mike Swanson is just bringing a pos to the attention of others. Sure he has something to gain by it tanking, but its not a sure thing it will. He has a great track record both in trading the markets in general and in finding great shorts.

Herb Greenberg also scouts out foul smelling companies but I fail to see how that, is somehow illegitimate (sure Herb doesn't trade but still) or wrong.

In any case, I just brought this to the attention of the board and left it as something intersting to consider. I think we are all intelligent enough to do our own DD.
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you're ok friend. my beef is the inherent conflict of interest involved, and the obvious edge that being in the public domain gives a trader. do they ever come out and say, 'hey, I shorted that stock before I told you about it and I did great?'
 
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