Jun 20, 2008

Famous Last Words Burn Up Hedge Fund Turds

Captain James Lawrence commanded the frigate Chesapeake as it engaged the British cruiser Shannon in the War of 1812. After suffering a mortal wound during the battle, he cried out with his last few breaths the immortal words, "Don't give up the ship". Had the poor wretch lasted a little longer he might also have added, "Buy more Dendreon". Our own ship, despite suffering many broadsides is in no jeopardy of sinking. Any surprises going forward could very well be pleasant ones much to the consternation of hedge fund short sellers.

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