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Technology Stocks : Research Frontiers (REFR)
REFR 1.620+3.2%Dec 5 9:30 AM EST

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To: N. Dixon who wrote (1612)6/15/2001 10:11:09 PM
From: Doc Bones  Read Replies (1) of 50299
 
I've followed Adam Lashinsky for a long time, and I think he is one of the most honest people writing about stocks. I don't think it's fair to say that Lashinsky was "in cahoots" with the shorts. He did write an article on REFR that was negative.

What was wrong was posting the article on Realmoney.com with no indication that it had already been sent to the hedge funds. From The Times:

People in the newsroom say that Mr. Lashinsky, Mr. Kansas and others complained that providing the article to the hedge funds first put the individual investors at a disadvantage — potentially enabling the hedge funds to profit at the other readers' expense by trading shares of Research Frontiers first.

So Kansas, who quit, and Lashinsky objected to publishing the article later on Realmoney.com. The Times indicates indirectly that it was probably Cramer's idea:

Mr. Kansas also clashed with James J. Cramer, a founder of the company and its largest shareholder, over editorial issues, people at the company said. Mr. Cramer left his position managing a hedge fund in January to devote himself to writing for TheStreet.com and advising Thomas J. Clarke, its chief executive. Mr. Cramer had previously publicly criticized TheStreet.com's management, and he became a vociferous presence in the office.

Mr. Cramer declined to comment.


The Times was in partnership with TheStreet.com for awhile, and I get the impression that Cramer may not be their favorite guy.

I've posted a similar message before:

Message 15940990

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Asensio declared a short on REFR today:

biz.yahoo.com

The REFR short is getting a lot of attention, which could work both ways.

Doc

(No knowledge / position on REFR)
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