Ya, I've heard the "bounce" theory too. Did Lehman bounce? Did Enron bounce? Did Nortel bounce? Better yet, did Charys bounce (hillbilly's last company before EFIR)? Ya you can be right once in a while, but that strategy is no better than pulling the stick on a Vegas slot machine. The bounce theory really only applies to businesses with a track record of being a sustainable business, which EFIR does not have, and even then not all the time.
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