He is assuming that the pop in the stock is from the small reference to it on street.com. What if the pop is not related to the article and is because of other news that isn't out yet, ie. EDEN has some new product or is going to be bought out? Just wondering if he has thought about that? Because if this thing goes to $5 I would Imagine that would blow his account out again. Maybe there was something in their Corp Financials that came out the same day of the article that he didn't see and that others liked? I did a Google search and he isn't just telling people on ET to short it for this reason, he has posted the same post all over the internet telling people it is a great short because this article is wrong. Yet it is up another 24% today despite his efforts, and on big volume for it?
Man you are spot on, I was thinking the exact same thing. I've read exactly ONE post of that guy..and I think you're spot on