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Re: revlis post# 213449

Monday, 03/31/2008 7:18:54 PM

Monday, March 31, 2008 7:18:54 PM

Post# of 432754
revlis, I have been giving this situation some thought after reading the article on Jim Cramer. The article is full of such quotes as "Jim’s strategy was to put in his order to buy a stock with Mark and then dial Maria. As soon as she announced the news on television, the stock would often jump. Jim then had Mark peel off whatever we had bought.” (Trading With the Enemy, page 124-125.)". I have long believed that this is how some of what goes on works. This article is one more of those rare opportunities to see the nasty underbelly of Wall Street.


You wrote "Let us say Mr. Trent is part of this conspiracy. Then I find it a hopeful sign because it is a good indication that the shorts have no more ammunition and have to resort to desperate moves like Mr. Trent article"

I think you may be right. This very well may mark the end. Take the quote from the article and adapt it to IDCC's situation. It may be the article is a plant to provide cover while the short sellers buy back their short shares. Following this theory, tomorrow, there will be a sharp spike in selling, similar to the time the negative article came out of Pakistan. Stop losses are triggered, accompanied by panic selling. The shorts take advantage of the downdraft to buy back.

Personally, I believe this occurs all the time, with the shorts re initiating a new short position every time the price jumps back up, either through truly good news or due to another planted article that is designed to run the price up. The difference could be that this time, the shorts do not initiate a new short position because of the very real possibility of IDCC taking NOK to the mat for the pin.
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