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In early October 2013, I wrote a bearish article about Gulfport Energy (GPOR). The stock was hovering at $67.5 back then and its drop started just a couple of days later.

When the stock was at $61.5 in late October 2013, I wrote one more bearish article about Gulfport, warning the investors once again about Gulfport's gross overvaluation. I noted that "Gulfport Energy has hit a turning point and the bleeding will continue."

After the latest news that I will analyze below, Gulfport's stock lies at $54, confirming my two bearish calls above. This is a 21% drop in two months. The short sellers who followed my recommendations have been handsomely rewarded in a...

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