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.
Technology Stocks : IDT *(idtc) following this new issue?* -- Ignore unavailable to you. Want to Upgrade?


To: md1derful who wrote (10721)7/7/1999 8:57:00 PM
From: Augustus Gloop  Respond to of 30916
 
I'm certainly not saying it's meaningless but I doubt we have a conspiracy.



To: md1derful who wrote (10721)7/7/1999 8:59:00 PM
From: orkrious  Read Replies (1) | Respond to of 30916
 
md, the most bothersome part of this is that it is frustrating. the stock was finally showing some strength.

since it happened now, when the stock was just getting its legs back, before the IPO, it can only mean that it was orchestrated. whether greenberg was a pawn for someone else or an active participant doesn't matter, someone is worried, and it has to be someone short a sh!t pot full.

Given the strong company fundamentals, the impending IPO, etc, the stock will regain its footing. After all, the shorts have to buy, and they will start buying again soon. After all, time is running out.

With any luck, a press release countering the article is being compiled as we speak.

Remember, stock prices always have to climb a wall of worry.

Jay



To: md1derful who wrote (10721)7/7/1999 9:09:00 PM
From: Andrew H  Read Replies (2) | Respond to of 30916
 
It seems pretty likely to me that Greenberg and thestreet.com were in league with the shorts on this one. He is most likely associated with people who scan the SEC filings to find such loans (which of course were legally reported to the government agencies). Then these same people probably check to see if the companies are registered and what information is available about them. If the registration has lapsed on a company, voila, then Herb and thestreet have a story. That way the shorts do all his work for him and he gets free research on an article (which of course he must verify)--then the article just happens to help the positions of his researchers. Of course the above is only conjecture but I would not be at all surprised if that is the way it works.

There are obviously many more important stories out there, so it appears that vested interests are involved here. Greenberg is well known.