ArthroCare got horse nuked today after the CFO resigned from accounting issues. Hey wait a minute, didn’t I had this company on my rumors watch with pending FB investigation (it’s on the right sidebar of this blog if you haven’t noticed yet)?
Wow! Lol. I guess my sidebar is worth something…
Never invest in a company that’s getting investigated by the FBI. I actually thought ARTC would come crashing down next year, but I should have known the men on the Board of Directors would start exiting before years end!
Update:
Glad to see one my readers profit from some of my calls, even if he may be an “ass”…
… see! Even a Boston fan can make money.
Check back for the status on Mike’s altruism.
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Oooo ARTC, finally going bankrupt. I don’t know if you follow this site, but he provided readers with the short at $45!
http://www.citronresearch.com/index.php/2007/12/20/citron-research-reports-on-arthrocare-artc/
Here are the follow up posts on that site related to ARTC.
http://www.citronresearch.com/index.php?s=artc&submit=Search
That guy makes some really good picks!!!
Good work Gio.
Novice question, are the buyout candidates longs?
Aumana, usually if a company gets bought out, it will be at a higher price, so yes. Unless you are a crappy company and get bought UNDER because you are about to go bankrupt (like Bear Stearns).
So no green or red arrow to press, there a bunch of thinking you have to do, or something? I dunno all that stuffs lol. Shit someone just email me the trade they just did, I’ll pay. How am I going to figure shit from shinola eitherwise? Elseitherwisespeakinglyspeaking? Hmm?
Been following TIE at least, for a few years now. “Timet” getting old, and turning shares over. Eventually it should be bought, but with the way commodities are, hmmmm.
well done gio!!
and great trade ass napkin!!
Ass Nap made more money in one day than what an average American makes in a year. BOOYAH!
Really hope this starts a trend, or better yet, a competition, amongst the competitive/cooperative blogsters on this site.
Again, cheers to Gio and Mike.
Gio,
I am working on posting this information now. I may just email it to you and have you do it. My finace is beside herself with the trade and is even more happy that we donated some of the profits to Breat Cancer (4k). She is a nurse at Childrens Hospital in Boston and works with kids who have cancer–so it means a lot to her.
The snow continues to fall here in Bosotn, even today. Other than throwing my back out from shoveling our driveway last night and all day today, life is good.
Thanks again.
P.S The profit on the trade was 32,363.14. Thats after the $7 Scottrade charges me to buy/sell and stock.
Wow. All kidding aside, the sequence of events of this thread makes me happy I declined Howard’s offer to buy iBC, for peanut shells.
Had I done so, he’d likely fire all you tabbed bloggers and replace you with retards.
I do not fear retribution, since he never reads “non-Fly” posts, fyi.
Kickass job Gio and it’s good to see people called “Assnapkin” do nice things.
cool. i didn’t know Howard wanted to buy iBC for just shells, not even the peanuts.
I’m at least glad Phil stopped by. He’s pretty down to Earth, or maybe he’s still in euphoria from that new office smell.
Good move, Fly.
And congratulations to Mr Ass-Napkin Mike, I’m proud of you dude.
Did some research on the Vix this weekend. So far it is looking for a new range to move in. It’s hard to call this a double bottom (40) when fear and greed has went on vacation. I can, however, say that if I were to stick to my rules in buying/selling according to the Vix, then I would not want to be net long here, but I would be looking for short setups.
Note to self…
This stock here is difficult to short. Need to do research to find out why it’s up 100% in 3 weeks. I would like to short this near the end of the year, or the beginning of next year. Some heavy resistance above.
Wow that’s sweet for the Ass Nap. You guys decide on a charity yet?
My swing shorts are up big today…
DRYS
EDU
MELI
Dude, sweet call on those shorts! I know you’ve been watching for the MELI wave… way to catch it!
Foot of snow in Seattle!
Just checking in to make sure you are still short DRYS. Great call!
Hey OE, covered DRYS! +22%. it should be coming up on my next post which I submitted about 20 seconds ago. Lol.