“Calling a Tail a Leg Does Not Make it a Leg”
Some astute investors contacted me yesterday regarding my short pick: Answers com. They questioned my due diligence but thankfully not my integrity. I have read the 10Q’s, the 10k and the most recent conference call transcript. They pointed out that I failed to mention that ANSW revenues are growing sequentially and substantially and that they have shown several consecutive quarters of improving losses. Two investors demanded retractions and one accused me of trying to manipulate the stock. One threatened to call the SEC. Last time I checked, the First Amendment applies to bloggers, even lowly stock market bloggers like me. The key is always…