Jim,
I don't know how much credibility can be placed on trading records for yesterday. For example, the internet quote service I normally use was showing Tuesday's figures all day. It was noon before I even realized something was up.
About an hour before the close, I decided this was a good buy opportunity, so I called my broker to pick up a couple of hundred more long shares. This a national discount brokerage. His screen showed a trading range of 11+ and zero volume. He was somewhat dismayed by my order at 9 3/4, but placed it and it filled within minutes. He said he had never seen that before. It must have had something to do with the listing change.
Also, when I contacted the company, their position was that they do not respond to these bogus press releases, as it might only serve to lend them credibility. Dr. Segall is in Japan and didn't even know about this through most of the trading day. (He was, by the way, in a very good mood up until now.)
Last, while it seems that the Naz and SEC let this shortselling clown get away with his antics, what really bothers me is that the WSJ lets a staff "reporter" publish this story, although it is quite obvious that it was dictated to him by a known shortseller. The WSJ is generally know for publishing "news". Publishing this article put them in a class with the supermarket rag sheets.
I think some of us ought to contact the WSJ and let them know how we feel about "yellow journalism" and their lack of standards.
By the way, there is no doubt whatsoever that this was timed to offset the company's great news about trading on the big Naz.
Best regards,
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