All this homework for naught? COOL’s stock ain’t cool
Here’s one that stings. Just last Thursday, I was texting a surgeon friend of mine about a stock I wanted to short or buy puts on with the symbol COOL.
Here’s our back and forth:
6/21/18, 8:42AM
Cody Willard:
It’s above $40 now! Take a look at this stock chart
Surgeon Friend:
What’s this?
Cody Willard:
Freaking COOL’s stock
Surgeon Friend:
I know it’s shooting up and I don’t know why. Is there some action you are taking on it?
Cody Willard:
I want to buy long-term puts and bet that it’s going back to $2 a share in the next two years…but they don’t have options on it yet
Surgeon Friend:
Its just so unethical and ridiculous. They created a flier they brought to my office. It showed a microscopic picture of normal skin and then a microscopic picture of their product. It was he same exact photo. Cut and pasted. And then they showed a “healed wound” that had been treated with their skin. First of all, he wound wasn’t fully healed yet. Second, it looked like it was healing on its own like a wound that just received topical wound care… the only person I know who used it who was a friend of theirs cause was a resident with them here and is now in practice in Oregon told the residents we have now it doesn’t work well and he may not use it again…
Cody Willard:
I’m going to have to short this stock!! Do you still have the flyer?
Surgeon Friend:
No, we threw it out but I wonder if it’s online somewhere
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Cody back in real-time June 25, 2018 now. There were no put options to buy on COOL and there were no shares available for shorting last week. So I didn’t do the trade, obviously.
Well, Citron Research wrote a report today quite literally called, “The History of Fraud Behind PolaryteTE” and the stock is down 33%! And guess what else. It’s probably not a coincidence that options started trading on COOL this morning before that report hit. I had called PolarityTE a “Penny stock scam” in an article on Trading With Cody last year, by the way.
So I’m a bit sick to my stomach about not having been able to profit on a COOL short. Here’s the back and forth I had with my surgeon friend this morning about COOL:
6/21/18, 8:42AM
Cody Willard:
https://citronresearch.com/citron-exposes-history-of-fraud-behind-polarityte/
Surgeon Friend:
I don’t know who citron research is. The article is obviously biased but it’s excellent research and they are doing exactly as predicted. I wonder why Denver isn’t selling more of his shares? Though at 25 bucks a charge or something he is still making more money in that one sale then I will ever make in my lifetime…
Any to short yet?
Cody Willard:
No unfortunately
Surgeon Friend:
Down 30 % today!
Cody Willard:
I know!!! Dying that I couldn’t short it and write about it last week
Cody back in real-time again. I wouldn’t buy the puts on COOL today, as the stock has already tanked some 30%+ off this Citron report. I’m not going to force a trade like that. But I will keep an eye on this one of course, and might very well nibble some puts on it in days or weeks ahead.
I keep telling you guys that I’m hard a work finding new trades, new Revolution investments and new short ideas. This is but one example of many that I’m hard at work on. Stay tuned, hopefully the next one will actually be do-able!
