scamspotter

Raser Technologies: A Short Squeeze in the Making

What a blatant and unrealistic plug for Raser. Anyone who has followed this stock for more than a year or so, knows this was a total scam about electric engines wherein the insiders took out tens of millions of dollars in cash from ruthlessly pumping this stock. As their house of cards was beginning to crumble around them, they stumbled into this geothermal deal and now are working it. Will they ever make a profit for shareholders? That remains to be seen but Piper Jaffray has it right when they initiated coverage saying this stock was way way overvalued and $7 was a far more reasonable number then $10 or certainly $25.

Further, any journalist who is preaching the short squeeze is nothing short of a desperate bagholder who realizes this stock can't climb on merit and therefore has to resort to gimmickry to lure the greater fools. The stock has a large short interest for a very good reason, it's an overpriced pig.