Vince - Re your earlier post -
"- Dell trades at $80
- Niles and cohorts purchase 100,000 shares at $80
- Natural upward movement in DELL with upcoming earnings release
- Niles supports DELL's higher valuation
- Niles timely comments pushes stock to $110
- Niles and cohorts sell 100,000 shares , profit $3,000,000
- Niles and cohorts short 100,000 at $110
- Niles releases negative valuation of DELL
- Market panics Stock drops 20 points and counting
- Tuesday Niles and cohorts cover their short of DELL at $85, Profit $2,500,000
- Tuesday evening facts are released etc....."
I agree with the following exception. They're not stupid enough to do this. I believe it's more likely that they shorted INTC, MSFT, et. al. to begin with and are now in for the kill when Dell "surprises" us on Tuesday. While this would still make Niles look like an idiot to the average guy on the street, do you think he or his bosses care? |
