craig, don't you think the damage has already been done?
the trend in ddim stock over the past few weeks has been for the stock to come out of the gates in the morning strong (gaining 1/2 to 1 point until the early afternoon) and then deteriorating.
from the press release, it appears that CSFB is stating that they made an honest mistake. they are short 100,000 shares DDIM, and they have suspended action on the issue for the time being. In a best case scenario for DDIM, they would have to cover their position, netting $500,000 - $750,000 for their trading desk, not bad.
what will probably happen is the SEC will reprimand them, that's all. Whatever happens to CSFB, the fact remains that a prestigious brokerage house has expressed doubt as to DDIM's prospects.
Perhaps a settlement will be reached between CSFB and the people who got burned on options expiration day. This shouldn't effect the stock price in any appreciable way, other than remind people that CSFB is negative on DDIM.
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