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Monday, October 16, 2017 7:20:40 PM
The beaten-down longs are just looking for a boogie man. "Blame the shorts!" is more palatable than the truth, which is "blame management for a) doing nothing, b) lining their own pockets, c) saying nothing, and mostly, d) doing a ton of highly toxic financings." What we have here isn't shorts. It's a flowing river of converts, constantly converting discounted paper into free trading shares and dumping with impunity. It's been that way for months.
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