Since initiating coverage of Castlight Health, Inc. (NYSE:CSLT) on May 9th the stock has done three things: establish a 50 MA that has slowly moved south, trap more longs looking to take the ride to the moon - all longs that have purchased since my initiation (at the all-time lows) have purchased between $10.50 and $17.50, and go up - yes the stock is up a face ripping 23% since I initiated coverage of the stock. That being said, I have never had a position in the stock and didn't' initiate coverage to prove what a great market timer I am. What I was trying to do was explain the absurd valuation that Castlight had (NASDAQ:HAS)...
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