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locksflooring

01/08/10 12:57 PM

#18863 RE: bitty #18862

Posted by: bitty Date: Friday, January 08, 2010 10:08:47 AM
In reply to: Shovelhead1340cc who wrote msg# 18676 Post # of 18862

My short is working out perfectly...just too bad I didn't short it this morning at the high. Can't time it perfectly, but a stock doesn't go straight up. The market cap is ridiculous for a company losing so much money each quarter. Dilution is the only way it will stay afloat. Look at the filings - Matt and his wife had to lend CBAI money for it to stay afloat. Matt is selling like crazy today and dilution is in full swing. They knew when to time it. Kudos to them.

You didn't actually think a stock goes straight up do you? Wait until people see this tonight when they get home. Much more selling next week.
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locksflooring

01/08/10 12:59 PM

#18865 RE: bitty #18862

And only after I found it did you reply!
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ChangeDirector

01/08/10 1:03 PM

#18867 RE: bitty #18862

Odd, I've never in 20 years of stock trading heard of a site called newsblaze, and I don't intend on reading any articles there, ever.

Seekingalpha seems to be one of the most popular and read sites of the decade, sorry they deleted your blog, oh well.

Can't imagine why more people would read your blog on an unknown site called newsblaze than on the well-known site seekingalpha.
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Myth

01/08/10 1:08 PM

#18871 RE: bitty #18862

If you think the stock falls more why did you cover the short at break-even ?

I thought shorting a stock like cbai one would hold out for the big drop, the one a few here have been predicting since .008...

tia