He said the hit piece about Local.Com was 100% true. Ouch! But he also said that these scammy companies can be good trades because they know how to run their stock up. Are Local.Com's revenues and earnings real? If they are, then this stock looks like a bargain. But I guess the gist of the hit piece was that Local.Com is cooking the books and their revenues and earnings are a shell game and the stock is trading in response to fake numbers, thus trading too high based on fraudulent numbers.
I think publicity, good or bad, is good for Local.Com's exposure, website visits and eventually earnings. I would buy ahead of the next earnings report in Oct.
