SAC & Gradient Sued by Bioval - 60 minutes

In the 60 Min piece, I love the way the 3 former employees of Camelback were all so indignant, sitting on their high-horse as they described catering to SAC, "taking dictation" and so on. So if they were in the middle of it and they knew what they were doing was wrong while they were doing it, why did they go along? They decry the practice only after the fact of their own involvement. Kinda like closing the barn door after the cows have gotten out, seems to me. Get some balls, fellas...

H
 
Quote from Choad:

Wow, that Gradient spokeswoman just on CNBC really scrambled and backtracked when Charlie pressed.

Sure seems like all of those involved like Gradient, Herb, Cramer, etc, are in extreme "damage control" mode.

What they should have done, if innocent, was stand tall and say "I welcome the investigation and subpoenas. I have nothing to hide, as I have done nothing wrong. I too want a fair market place..."

The way Herb is popping up like a jack-in-the-box at every opportunity to bleat and whine looks, well, guilty as hell. JMHO
More...

she was awful huh???? i liked when she told cnbc what they should write below her name... i wish i could have written it. Spokeswoman for hire... Ho's be us. you write it and we stamp it !!!!!!! tell me what institutions are going to continue their relationships with these whores???!!!!!!!
 
Quote from hcour:

In the 60 Min piece, I love the way the 3 former employees of Camelback were all so indignant, sitting on their high-horse as they described catering to SAC, "taking dictation" and so on. So if they were in the middle of it and they knew what they were doing was wrong while they were doing it, why did they go along? They decry the practice only after the fact of their own involvement. Kinda like closing the barn door after the cows have gotten out, seems to me. Get some balls, fellas...

H
More...

Get some balls, eh? Think they'll ever work in the industry again? The chubby one already got fired. I think they've got plenty of balls, blowing their lives up for scruples. I just hope they are physically safe. WE aren't dealing with nice people.
 
How is what Camelback did any worse than the investment banks writing bullish research on companies that have provided millions of dollars in underwriting fees. As long as what they published was factual, I see no problem. BVF did not get cut in half because of a negative research report that the majority of the investing public did not even see.
 
Quote from Choad:



What they should have done, if innocent, was stand tall and say "I welcome the investigation and subpoenas. I have nothing to hide, as I have done nothing wrong. I too want a fair market place..."
More...

Reporters can't do that or no one will talk with them.
 
Quote from JORGE:

How is what Camelback did any worse than the investment banks writing bullish research on companies that have provided millions of dollars in underwriting fees. As long as what they published was factual, I see no problem. BVF did not get cut in half because of a negative research report that the majority of the investing public did not even see.
More...

dont forget sac told gradient to hold the negative articles so they could build their short position in the company. if that can be proven... alone, that is reason enough to start freezing assets.
 
Quote from ratboy88:

dont forget sac told gradient to hold the negative articles so they could build their short position in the company. if that can be proven... alone, that is reason enough to start freezing assets.
More...

That's no different than Goldman building a huge position in the oils and then publishing their "$100 oil super spike report" last year. Again, BVF did not drop immediately after the report came out. It was not until BVF missed earnings that the stock began to fall.
 
Get some balls, eh? Think they'll ever work in the industry again?
More...
Do they deserve to? Doing what they did w/full knowledge, by their own admissions, that it was bullshit? If you were Joe Blow stockholder and they manipulated the market against you to keep their jobs w/the excuse that it was their job, would you still feel the same way?

H
 
Quote from hcour:

Do they deserve to? Doing what they did w/full knowledge, by their own admissions, that it was bullshit? If you were Joe Blow stockholder and they manipulated the market against you to keep their jobs w/the excuse that it was their job, would you still feel the same way?

H
More...

you have no idea when they knew what... when they voiced objections and how they were handled by the company. please go do some research first.
 
You must log in or register to reply here.
Back
Top