iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
19,768 Blog Posts

Asshat of the Week Award: LNN Shorts

 

Friday, June 22, 2007

Seriously, why would anyone short a company that makes irrigation systems, as commodity prices shoot through the roof and fresh water supplies, worldwide, dwindle?

Answer: Because they’re fucking asshats.

For the first time in “Fly history,” I am awarding the “Asshat of the Week Award” to an entire group of investors, LNN shorts. 28% of LNN‘s float is sold short.

After a mind boggling 15 point run, in two weeks, they have earned it.

NOTE: Bearshitter was runner up with his HANS pan. Oh, and Guy “toast my face” Adami did a shitty job defending the HANS story yesterday, on national television. He came in third place.

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