Some authors are taking readers for a rather large ride and declare them as fools. If a reader comments with some question or sarcasm, he will be banned from a bearish oriented blog
The latest claim of the guru himself being short in FOSL is another example of fooling readers.
On March 23, a chart of FOSL was published with a question FOSL Double Top and no indication of the author having entered a short position.
The stock was trading $ 130-132 and rallied to $139 soon after. Tied stops are usually published by the author and a 7% gain in less then 2 weeks certainly caught the attention of a stop loss placed.
A week ago the stock was trading $ 137 and only today a sudden drop of 37 - 40% occurred .
It does not come to my surprise that claims today to readers are made hinting in an article the author was short. Between 23 March and 7 May however readers could not see any follow up on that particular stock FOSL.
Bong Trader
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