Just took my losses on the double posaition in JCOM here at $29.85. Catching falling knives is dangerous, and in the last few days, when I touch something, it turns to lead...
I cannot find anything wrong with COO, it may simply be involved in a "short attack. If he wanted to pick up on COO, he should have addressed the problem of the buildup in intangible on the book as a result of the last few years acquisition. That is of concern, the fact that COO does not have much cash on hand might also be a concern, but the fluctuation in receivables and inventories are not yet. If they continue to increase the top line, these concerns should be secondary, if the growth stall, these concerns will come and bite them.
Zeev
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