Picking up from my previous article, Citron continues their short-selling campaign against World Acceptance Corp (WRLD) by lobbing grenades at their perfectly legal business and accounting models.Let's take apart Citron's latest pile of rubbish and demonstrate that, again, Citron's Emperor has no clothes.
<>Citron's tactic is to make moral judgments about World to soften readers up and make them more likely to accept bogus claims about the state of World's financials and its business model.Citron's National Enquirer headline, screaming at readers in bold, claims that "Financials at W>...
Last week, Citron Research issued a report on World Acceptance Corporation (WRLD) that demonstrated a staggering degree of either ignorance or malfeasance. Their tabloid-style reporting seems designed to maximize fear in stockholders.One could reasonably assume it is because Citron is short the stock.They claim there is a disconnect between reality and what World presents to investors.The truth is there is a huge disconnect between reality and what Citron presents to readers.
<>Setting aside the outrageous accusations of World Acceptance being a "borderline-legal Ponzi scheme", C>...
<>38% Fibonacci retracement of the NASDAQ's last leg down was a cue for profit taking. Friday's gap up due to MSFT earnings was a perfect exit strategy because it brought us all the way back to the last breakdown point. Declining volume on this week's bounce is typical of a bear market bounce.
Friday's bearish engulfing bar implies further weakness ahead of the FED on Wednesday. The economic calendar is loaded this week starting with New Home sales tomorrow at 10:00.
Earnings this week from Internet heavyweights - YHOO, AMZN and GOOG.
<>Stocks over $5 posting the largest percentage loss over the l>>...
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