SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Biotech / Medical : ARIAD Pharmaceuticals
ARIA 23.990.0%Feb 17 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: DewDiligence_on_SI who wrote (3935)10/2/2015 3:47:51 PM
From: civic08801  Read Replies (1) of 4474
 
Dew and others ,Take your pick it's either the Science and The Market that crashed ARIA or an orchestrated takedown..No other choice.

"Overstock.com claimed that as a result of Goldman's naked short sales, "Overstock's stock price plummeted from over $70 a share in early 2005 to under $20 a share in late 2006, and it has never bounced back to its earlier stock price."
Overstock also claimed that Goldman had profited from naked short selling and driving certain company's stock prices down in multiple ways, including payments they received for loan fees that they charge for short sales, interest they earned on margin accounts in which short selling occurs, transaction fees they charged customers and profits from selling short the same stocks that their clients are shorting.
The case also noted that "selling but failing to deliver actual shares issued by Overstock has the effect of generating a virtually unlimited supply of Overstock shares for sale."
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext