You suckers went short again, didn’t you?
By the way, I’d like you to take note of LITB and understand what transpired today. Let this be a lesson to publicly traded executives.
TAKE SPEECH CLASSES. Learn to communicate in the language of your shareholders, for they are your future.
LITB was +10% before the conference call, based on the numbers and forward guidance. As soon as the conference call started, the shares started to trade down because of the poor audio quality, nonsensical cadence put forward by the executives and lastly a crying baby was heard on the call. A friend of mine, Chuck Bennet, who is a regular frequenter of China says it’s fairly common to walk into a bar around 11:30 pm and see babies loitering about, as their parents get drunk on rice wine.
Bottom line: I sold ZU and bought SODA, ICPT and ECOM today.