Barb, the meaning of your words was "likely illegal", not that you used those exact word - sorry for the misquote.
Irwin and the Wall Street Journal did indeed specify a date. Here are the exact words: "First of all, effective immediately, you as shareholders should not allow any of your CONSECO stock to be loaned out to the short sellers through the brokerage houses that are holding your CONSECO stock certificates."
It goes on a little later: "...insist in writing today, that none of your CONSECO shares be loaned out to any CONSECO short sellers." Then, "... I suggest you insist that they call it in immediately..."
Then, "effective immediately".
The conspiracy to manipulate continues "Let's do what we can to put the future of the CONSECO share price back into the hands of the CONSECO shareholders who want to see the price of our stock go up ..."
Barb, I think that is tending towards inviting people to think of 'today' rather than some future time. The date of the publication therefore became the specific date for the manipulation to begin.
Heck, being generous, fair, open, honest, etc, etc, noble, kind and believing in a liquid market, we [that's we the conspirators] decided on Memorial Day so that shorts would have ages to clear their positions.
So, WSJ and Irwin Jacobs have indeed fulfilled your criteria.
You aren't worming out of it are you?
Then, you committed the most financially felonious of mistakes an investor can make - you have misunderstood the situation. I grasp very well that people blaming short sellers as an enemy are misunderstanding the situation. That can be a financially fatal mistake. If you take the trouble to read the first posts, you'll see that I bear no ill will to shorts or any other kind of investors. They all help make a liquid market.
My greatest admiration is for successful speculators which includes shorts because they have to not just judge the company correctly, but they have to get market timing right as well and that is very difficult despite the multitude of chicken entrail graphs which TA people tout all over the place.
I'm a mere LTBH fundamental journeyman, though I admit to a bit of conservative Globalstar speculation on margin which introduces an element of market timing. But I can claim a "Champion Speculator" award if Globalstar succeeds.
Be very careful if you are betting against me on Globalstar! It's a bit like betting against Maximus. You have already disclosed a false idea. Shorts have already been wrong about "running out of money by September". They now have to sweat some announcement tomorrow by QUALCOMM, perhaps involving Ford, Globalstar and the Carmmunicator. carmmunicator.com which is registered by QUALCOMM.
Run shorts run!
Go Globalstar Go!
Barbless and irrespective,
Mqurice
PS: I did think your "regardless" was witty! How about Barbless? That's quite good. Get it? You know, no nasty barbs from me. 'Irrespective' as counterpoint to 'respectfully' as people often write. Okay, I'm labouring the point.
I think only Dweeb, Carrie Lee and maybe a few others really got hot and bothered and took the Great Memorial Day Massacre too seriously. It was fun, might have worked, which would have been even more fun and ended up quite educational anyway.
As Valueman pointed out when enthusiasts of Globalstar were picking the MOUs, a crowd of WAG is no better than a single WAG. As it turned out, Valueman was a cock-eyed optimist and the MOUs were fewer than even he guessed and he had the lowest.
Now we have a similar situation with short interest looking like a deranged horde of maniacs. In debate, they can't really justify their position and they have already lost leg number one [running out of money will NOT happen now until at least well into 2001]. Now, leg number two = no demand is under threat if Q! and Ford announce that Globalstar might be useful in cars of the 21st century.
Watch what happens when a lot of short sellers try to cover in the face of no company failure. 3rd highest short interest in the Nasdaq now [apparently] for Globalstar. That's so cool! Certainly nothing to worry about and maybe the failure of the GGMDM and subsequent short squeezes has given the shorts extra courage. Great! As I say, I have no worries about shorts shorting all they like. That won't affect handset sales and minutes used. Now that the shares are nearly all shorted, shorts can't even cause price declines by short selling, which can affect fund-raising. Now the share price can only go up or bust based on real business events! If it goes up, what a fun ride it will be.
Just as margined shareholders lose money really fast in a downdraft and margin calls exacerbate the speed down, shorts lose it really fast in an updraft.
Remember, life's a giggle. |
