The Prejudgment stating that "no intelligent investor is buying that line" ; is in minor ways incorrect.
Minor Ways? Yes, the volume today was minute. Close to 4 1/2 million shares traded on Friday at an average price of 3.11$.
For those that went to public schools that is close to 14,000,000$ in CYDY. Meaning 14,000,000$ says that CYDY is a great investment.
Are we to assume that no buyer yesterday can be considered intelligent? Obvious answer is no.
Just because some investors, those that purchased this small amount of CYDY shares disagree with the short argument does not make them the opposite of intelligent.
I would never say that the short side is unintelligent. They have a different opinion.
Who sold the 4 1/2 million shares? I will speculate that they own the stock between 30 to 50 cents, some into the 1 to 2$ range.
Are they unintelligent to sell? No. They have their own Big Picture and I would bet most sellers on Friday are intending to hold large percentages. This is normal stock rotation.
Why? Because it's the intelligent thing to do, in my humble opinion. I consider anyone that bought the stock in the Paulson Investment Co. Private Placements to be in my words; damn smart investors. I see nothing wrong with a 30 cent investor taking all costs out, reducing risk to zero.
Did readers notice I did not insult the short side? The shorts claim buyers are Not Intelligent?
Why not? Because the shorts have, most likely, never been in huge market successes. Until that happens you are always a glass is half empty type.
Some have it built into their DNA. Its impossible for them to be a positive thinker. It's sad. I feel sorry for the shorts. I saw this as a young broker. Some were doomed to be short term traders.
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