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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments
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To: StockDung who wrote (18913)10/21/2014 6:29:22 PM
From: StockDung1 Recommendation

Recommended By
Saulamanca

   of 18998
 
Quoting the relevant portions from a recent Vanity Fair Articlediscussing Loeb’s short selling efforts against Liviakis:

“That same year, 1999, Loeb got into more legal trouble, this time with John Liviakis, a San Francisco public-relations executive, who also sued Loeb for libel. Using a pseudonym, allegedly Loeb had written an imaginary monologue, supposedly in Liviakis’s voice: I have registered 1.7 million shares to sell and these will soon flood the market. Hopefully I will sell these before the company loses its Nasdaq listing… Then I will laugh at you fools for buying my shares and I will celebrate with a bottle of grappa, some fresh feta, and a nice young boy-just like in the old country.”
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