Monday, November 2, 2009
Peete's Cofee buys Deidrich Coffee for $26
$26 a share!!!!
This number was shorted and shorted and the story was never believed by the shorts.
I got to hand it to them. The bears can stay delusional longer than anyone I know!
But I have to give the shortsellers credit for the pain they can take.
I can't do it.
If a short starts turning against me, I fold.
So how do you stay short, when you are wrong?
Probably the same way I'll ride a long down into the basement! Along with some other bulls.
But from 20 cents to a $26 bid?
Posted by Palmoni at 8:28 PM