Karnak gets restless. Starts betting on PALM, CPRX, other slow nags in claiming races…

Posted on Apr 12, 2010 by WHC Bassetti in Letters

When Karnak can't get to Vegas for awhile (largely chastened by the crash) he gets restless and starts looking for action.  He can almost always find it in the chart toppers -- issues exploding on high volume.  Sometimes these things are total fizzles, sometimes obvious smoke and mirrors sometimes traps.  Maybe we should call them traps and craps.  Some of them might even turn into real investments.

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