OSTK ceo

Quote from plugger:

"Well duh. You can't make the kind of money SAC makes by trading "when the 20 DMA crosses the 50 DMA on increasing volume near support, blah, blah..." or "strong earnings growth and sector-leading value, etc....", you need info flow. And SAC gets it, or else!"

I almost split a gut when I read that. Not that I think you're wrong by any means.

If I remember correctly, doesn't Cramer say something very similar in his book "confessions of a street addict". Didn't he used to get a 'heads up' when firms would be upgrading certain stocks and he would move ahead of the trade?
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They call it "information arbitrage"! DISGUSTING!
 
Biovail is a perenial 'short' fighter. Nothing new here. As all experienced and wise investors know, a company that focuses on litigation rather than their own business is not a good investment.
 
nobody is argueing the merits of the particular company. It is illegal to manipulate any company. You have to fght the shorts when they manipulate, then they spin, and you go down the tubes.

If you read the Globe and Mail Piece, it is obvious dozens of like suits are about to hit. dozens, or hundreds of companies like TASR. Tasr made it clear yesterday they are going to fight. This is obviously all coming from the people that left Gradiant, and they know all the companies.

What happens if SAC unwinds?
 
HERB GREENBERG
About my subpoena
Commentary: When the SEC comes after reporters' notes
By Herb Greenberg, MarketWatch
Last Update: 1:02 AM ET Feb 24, 2006

I'm taking voice lessons for that 6 to spot on CNBC.

More great news........

Abelow acknowledged the problem of "naked short selling" is "endemic." He said he personally never engaged in the abusive practice and, as an executive and a director of the corporation, took extensive precautions to try to minimize it. Ultimately, he said it is up to the Securities Exchange Commission and state securities regulators to stop it.

from the Star-Ledger. This was Corzine's appointee to treasurer.
 
My 20+ years of practicing law tells me both of these cases are losers for the Plaintiffs. That damn, pesky, First Amendment keeps getting in the way. Unless, what was published was untrue.
 
Quote from flytiger:

I'd be remiss if I didn't share this......

http://www.globeinvestor.com/servlet/story/GAM.20060224.RBIOVAIL24/GIStory/

Still think a conspiracy theory is unwarranted?
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Negative reports have always been, are and will always be attacked. Wall Street does not like bears. If you're a chiclet toothed bull, that is another question altogether. You can be a broken clock and you've always got a stand in invite to CNBC and other media outlets to flash that smile and go Ra-Ra-RA.
 
Quote from wareco:

My 20+ years of practicing law tells me both of these cases are losers for the Plaintiffs. That damn, pesky, First Amendment keeps getting in the way. Unless, what was published was untrue.
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Funny, my sources tell me just the opposite. That the sources are impeccable. The actual complaint lists a ton of companies that Gradiant is accused of writing about.

Watch for more suits of this size and scope. Probably same defendants, maybe with new sprinkled in.

Conspiracy? Never thought that way, but now that it's coming out, it is a conspiracy, should the claims bear out. I have a pdf of the complaint, if anybody's interested. It really is a good read. I wouldn't knowhow to post it, though.
 
If the file is not too big, you can attach it by writing a post as you normally do...but then allowing your eyes to fall a bit lower than the window in which you type. There you will see a small little white rectangular window and a grey button marked BROWSE. click it and find the file on your computer's HDD and then click ok. Then click submit reply.
 
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