ONVO is swooning lower this afternoon, following a 100,000 word essay as to why it is overvalued, published on Seeking Alpha. This gent, a Robert Pearson, went through great lengths to establish an argument for lower prices. As a matter of fact, he’s been trying to do so for months, all the while ONVO has spiraled higher–despite his worst intentions.
As I read this article, which was done with great care and detail, I pondered to myself “what sort of man spends this much time writing an article like this on a free site?” Aren’t any of you curious? He plainly states to be short ONVO and has been since July, so maybe he’s in desperate straights, bloodied up from the run up. Nevertheless, it’s a good life to lead indeed, a privileged one at the auxiliary offices of Seeking Alpha, knowing that a singular article can strike the fear of God into unsuspecting shareholders.
Just last week SA published a scathing review of TTS, sending its shares down to $12. Now they are above $17.
Now if you were the editor of Seeking Alpha and possessed the power to feature this article, designate it “editors pick”, knowing it would maul the shares, you wouldn’t tip anyone else off before it was published, would you? Calm down, I am not making accusations. I am merely having fun. It would be a hoot if we could peer into the online trading accounts of such editors, just to see if they’re making as big a killing as their readers.
As for Mr. Pearson, I hope he averaged up on his ONVO short before submitting the article to Seeking Alpha. Hell, we know he did, since he clearly states being short the stock in his article. What a wondrous, fail-proof, world–this Seeking Alpha, where dreams are made and others are shattered.If you enjoy the content at iBankCoin, please follow us on Twitter