"My advice to YOU is to quickly sell/cover on all OTHER stock, take out a maximal mortgage on your house (if applicable) cash in all life insurance policies and so on. Get as many credit cards as you can and take out advances against them all and then short every share of REFR you can leverage."REFR had closed that weekend at $27 a share, and three weeks later would peak at $29 before going into a tailspin from which it has never truly recovered.
Oh, I should add that the call was not made by Bill, but by someone posting as "B_IN_K" (a reference to a character from Piers Anthony's Xanth novels).
And I should also add that Bink's call was made entirely out of sarcasm, as he is, in fact, one of the loudest proponents of REFR on the message boards. He continued in that very posting: "Then, if I am right, please tell us each time you get margin calls or your car is reposessed."
It's really the sweetest kind of irony when someone who sets out to deliberately give the worst possible advice ends up making a home run call. You'd think the experience might be a bit humbling to Bink, but on that score you'd be wrong. Bink is back on the boards and posting like there's no tomorrow. Which makes one wonder if, for REFR, there is.
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