10.21.08
PhotoChannel Networks: I’m Right, Once Again
I just thought I would highlight my comments on a Seeking Alpha article praising PhotoChannel Networks (OTC BB: PNWIF) from four months ago. Since I wrote my bearish comment on the article the stock has fallen over 50% and the company has continued to report significant losses.
Unfortunately, while I had been short PNWIF back in June, I covered my short before the stock fell.
Disclosure: I have no position in PNWIF.
jared said,
November 5, 2008 at 9:29 pm
That same thing happened to me. Before the summer I was short Fannie Mae (FNM) and it popped up, so I had to cover my position. And what happened, Fannie and Freddie took a free fall dive to almost nothing.