Ahhh..the La Jolla effect!
I noticed the bizzare swing in VLA today, and now I understand why.
La Jolla are masters of the speccy game. They take minimal risks, get into discounted placements and are only in this for short term gains.
It's a shame that capital has to be raised with sharks like this, but that is the nature of speculative investing.
Oh, and a big high to my friends at Pattos.
the la jolla cove effect, page-3
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