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Re: Yale_MBA post# 14322

Wednesday, 09/29/2010 5:05:31 PM

Wednesday, September 29, 2010 5:05:31 PM

Post# of 14386
Well, fortunately I 'only' lost about $10 k. Had made a killing when it ran up and I sold most of my position, then made the painful mistake of buying back because I too was excited especially with the prospect of ChinaLot. So my losses wiped out all of my gains and left me in the hole about 10 k. Nothing compared to the big players like your friend.

I'd also like to know how Timothy Sykes decided to short EGMI when he did. Pure genius or did he know something the rest of us didn't?

There was a lot of share dumping prior to the release of the non-reliance on prior audits 8K.

A few days ago I emailed Kevin Donovan. He had always replied promptly to my emails. Didn't get a response. Guess he was busy packing his bags.

Yes, I was taken in by the huge cash and no debt on the balance sheet. Never thought for a second that cash or ownership of the cash could be faked.
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