Hey Party,
You still breathing? I bet you're ok cause like me you diversify and don't go heavy on the margin.
Anyway, I see that the HalfTruthseeker is over here boasting. What a dweeb huh? A chimp could pick a short in this market.
I've been investigating a pattern that has emerged when some of these short "investigators", some of whom pretend to be real ANALysts and pay (or self-promote) to have their own PR's published, get involved.
There may be front running and scalping involved. It is my contention that selective leaking to associates of a "report" no matter how ridiculous that "report" may be by a purported "ANALyst", which "report" is intended to manipulate a stock price may be actionable under Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder.
The fact that one individual or entity that publishes the "report" does not have a position in that stock would not, IMO, insulate that individual or entity when there is concerted action.
The names that appear on this thread appear on many others and even their own websites. In my opinion, there is significant nexus to create something "worthing", excuse me, I mean worthy of investigation.
This entire area of potential liability that may arise out of message board and chat room posting is new and evolving. The SEC is giving much more attention to this area. Private litigation (so-called private SEC actions by those hurt by manipulation) may also be an area for expansion.
It's all new law and if I were the supposed (half?)truth seekers, I'd be very nervous, nervous enough not to be spewing venom..... |
