I bought $SLTM @ $2.30

I bought $SLTM @ $2.30 -- as I informed premium subs, I expected this move today to $2.25. VOCE is likely to release another letter soon, and company is likely , in my opinion to be acquired before end of year. This is playing out about the same way. I see the stock is flashing "SHO" which means it's being shorted to death. Very unwise play, and likely to cause a short squeeze at some point  here. $SLTM has great assets, but horrible management. One cog has  been removed by CEO stepping down, but appointing an interim CEO from the BOD was something VOCE did not want. VOCE was asking for an exploration to sell company. I believe VOCE has buyers lined up, and what we see publicly is basically a ruse.

As we can see, analysts are coming out and downgrading the stock -- just like they did with Obagi = it's manipulation in my opinion as my theory is many analysts are corrupt and paid for their opinions.

Of course, as always, do your own DD and see if you agree with me, but shorting this again, is very foolish as  the upside to a short here is little to nothing.

Scott

DISCLAIMER

Post navigation

Leave a Reply