Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Did not play IMMG as well as you. Sold at 2.75, but got back in at 3.05. This looks like it is finding a whole new world of different investors. And it is bouncing from its spike one hour ago.
Interesting scans, SA.
MOTG
IMDS
CYBL
MOTG uting...
Thanks, SA. The more eyes ou there scanning, the better.
Some other scans, SA.
CYBL on news just out.
IMMG on steady climb.
MOTG on 4 times average volume last Friday.
IMDS steady as she goes after earlier short term Price pop. This aadvance looks like it will hold.
CYBL news this morning looks big, shakerzz
Small cap Energy plays moving-USEY.GSNH
KNOS, ONEV, IMMG
ONEV
IMMG
IMDS at HOD
ABTG, IMDS
IMDS
AOOR, IMMG
IMMG
HVYW
PLKC
BMTX says "watch and wait"
Nice LOTTO ticket for long term holders of ITEK
PLKC
If this NMKT can get ou tsome news at this crucial short squeeze point, it could get interesting.(News today on short squeeze).
RNGD
Gold...
RNGD-Gold play
Ta da! UPDA!
CLBE is a rocket
IWEB waking up from a long slumber
FPP
NEP!
Oh screw it.
NMKT
stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=nmkt,uu[h,a]ddclyiay[db][pb50!b200!d20,2!h.02,.20!b32!b10!b5!f][vc60][iub14!la12,26,9!lg!lp14,3,3!lc20!ld20!lk14!ll14!le12,26,9!lv25][j50880310,y]&r=4891>
NMKT for a bounce tomorrow.
You only live once! LOL
stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=nmkt,uu[h,a]ddclyiay[db][pb50!b200!d20,2!h.02,.20!b32!b10!b5!f][vc60][iub14!la12,26,9!lg!lp14,3,3!lc20!ld20!lk14!ll14!le12,26,9!lv25][j50880310,y]&r=4891>
Yes, PHBT
XKEM,IWEB
IWEB
NYNY is going to do it today
American Bulls.com Rates IMMG a BUY
http://www.americanbulls.com/StockPage.asp?CompanyTicker=IMMG&MarketTicker=OTC&TYP=S
Early--but on watch. NMKT and SVVS
SVVS
Chill, LOL. IT was your post that got me into it. Thanks.
I mean it. In USEY at 2.10.
Hope you are stil lin USEY,bb
Short on FMCN is from my gut. LOL. It will crack.
RB in legal trouble?
"We have been working with several former Lycos employees that have signed affidavits to the effect that they were told, ordered (and they provided vettable emails) to "kick off" critical posters on several ket RagingBull chat boards while "protecting" others. This included altering the "rating system" that I assume no longer is present on RagingBull. In one very serious case, a manager came into a work area where line-level RB supervision by moderators was performed, told a subordinate to take an early lunch but NOT logoff (a serious Lycos security violation) and then used that terminal to erase several account records less than 1/2 hour after the Lycos lawyers had notified that individual that they had received SEC and FBI inquiries about the accounts. One concerned employee advised the "at risk" staffer about what had happened when she went to lunch, and she went back, printed out the audit trail for her terminal, and had her friends sign or initial the printout and date it as well. We have copies of that and much more.
We're working with one of the founders of RB, who has, like us, "corked off" over RB, IHUB and several other "scam sites" as he calls them. He said that the little bit we have is only the tip of the iceberg. The principal reason that the Spanish consortium sold RB to the Koreans was to divorce themselves of the civil liabilities they feel will erupt in the next several years as outsiders peer into the operations of the major "stock chat" sites.
The RB startup partner we are talking to says he believes that RB has less than 6-weeks of life left. They have shut down something like 60% of the boards that existed this time last year, and are shutting boards down daily now through attrition. He did not explain how attrition enters into the picture, but I'm sure it's fascinating. "
Posted as a reply to: Msg 60870 by investigate_the_sec
Short selling
Suit blames hedge fund for shares' decline
Boston Partners Asset Management's short sales and other acts were illegal, ABFS trustee claims.
By Todd MasonInquirer Staff Writer
A Boston hedge fund participated in an illegal scheme to drive down the share price of American Business Financial Services Inc., according to the bankruptcy trustee who is liquidating the former Philadelphia mortgage lender.
Boston Partners Asset Management L.L.C. sent anonymous letters and posted Internet comments in a "vicious pattern of conduct" to damage ABFS, Trustee George L. Miller alleged in a civil lawsuit filed Dec. 30 in federal court in Wilmington.
Cynthia Perl, a spokeswoman for Boston Partners' parent, Robeco Investment Management Inc., would not comment on the lawsuit.
The suit seeks unspecified compensatory and punitive damages, plus the profits that Boston Partners earned in short sales of ABFS stock. In a short sale, investors borrow shares and then sell them, hoping to replace them later at a lower price.
Miller's lawsuit alleges that Boston Partners made illegal "naked" short sales, in which nonexistent shares are sold to put pressure on the share price, even though the transaction ultimately falls through.
Boston Partners' broker had short positions in January 2001 amounting to 30 percent of ABFS shares available then to be bought and sold, the lawsuit alleges. Legitimate short positions of that magnitude are unlikely, the lawsuit says.
The pressure applied by shorting that many shares "would be huge," said Robert Shapiro, an economist in Washington who has studied naked shorting.
"You put in sell orders on 30 percent of a company's outstanding shares, it's going to drive down the share price," he said.
In addition, Boston Partners wrote anonymous letters to regulators, the news media, and ABFS's investment bankers alleging that the company was engaged in a pyramid scheme, according to Miller's lawsuit.
The bankers withdrew from a sale of securities in June 2003, triggering a cash crisis that ultimately claimed ABFS.
ABFS filed for bankruptcy protection last January owing $521.6 million to purchasers of unsecured investment notes and $98.1 million to investors who exchanged their unsecured notes for secured notes.
Miller hired a law firm last year to explore litigation against ABFS officers and directors, who are not blameless in his view.
"I wouldn't have hired counsel to investigate them if I thought they were pure victims," Miller said in an interview last week.
ABFS had maintained that it fully disclosed the risks involved in buying its notes.
Litigation is the only hope for unsecured creditors to collect a "significant distribution," Miller said. The liquidation process, slowed by difficult dealings with secured creditors, could take two years, Miller said.
Meanwhile, the trustee said he had fielded 8,800 calls and e-mails from concerned note holders. The volume of calls is a major drain on his time, Miller said. He said he was not able to tell callers any more than he has posted on his Web site, www.abfsonline. com.
"It is a very frustrating case," he said.
Put on a short of FMCN Friday. These spikers are coming down after investors see how quick GOOG, YHOO etc came down' Short at 45
JMO