Hedge Fund of One

Advice for Gencor: Don't Complain, Don't Explain

Verbosity and grammatical errors aside, I thought you explained yourself pretty well in both articles. The price did find some measure of support at the 100-day moving average and previous horizontal resistance/support line. Generally, when price falls off a cliff like that, it goes directly to strongest support. Unfortunately, that is usually just the start of a long process of decline as disappointed shareholders give up one by one. The next few days may offer a chance for short-sellers to re-load for another plunge below this support line. The damage will likely take a great deal of time and capital to undo. In their PR, I did not see management specifically state any specific "misrepresentations" or "rumors" that they thought they were rebutting. Management should focus on repairing the earnings problem instead of how "accelerated" the trading of stock can be.