chiggins

Syntax-Brillian: Short Interest Up, Stock Price Down

okay, more ridiculous comments delivered on this site by a highly unqualified, possibly paid bashing, short poster. The statement that the stock is down as the short interest shot up to 23 million (which is over 52% of the float) is merely explaining that the pressure of the shorting has caused the drop. Barring Refco or Novastar, this size of shorting does not pay off particularly if the company is growing very quickly and is earning money has hardly been a good idea to be short for any lengthy period of time
( financial.seekingalpha...;u=87990 ). Just ask David Rocker who had 1.4 billion in 2003, now evaporated to about 400 million. Or ask anyone listening to Street.com or Herb Greenberg telling you to sell Apple at 55 or Crox at 24 or Amazon at 40, 60, 70,.etc. Th fact is these bozos were short along the way.
This article and many like it are simply tools to scare people out of their stocks and cause selling and shorting to then give hedge funds a better crater effect to cover. With the help of a market maker a hedge fund can produce FTD's and naked short with abandon in essence counterfeit the certificates through the Electronic X Clearing between brokers. BRLC has a negative interest rate to shrt at 11% meaning it costs 11% a year interst to short the stock...legally that is. Now, back to what the writer here claims.
First, the writer sites Sony and cheap TV's they'll sell at competitive prices to Olevia. That is ridiculous since Sony's costs are so high that 17% margins are not enough for them. They need over 30%. By the way in 40 years Sony has never sold at the same prices as 2nd or 3rd tier TV's. Why start now?
Second, he says the company does not have the capital to support their sales guidance. I guess he overlooks $155 million they got in the secondary and the fact that their customers pay for the products, albeit slower in Asia. And third, he states insiders selling. Well, these are not founding members and are part of the company that was bought out. Kolin still owns 5.1 million and Kit still has 5.2 million shares. The real insiders have not sold and they cannot buy stock while in a quiet period. They cannot even defend themselves against the assertions of these short articles and the shorts know that.
The key is