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Re: investor_2009 post# 9907

Thursday, 02/25/2010 2:56:22 PM

Thursday, February 25, 2010 2:56:22 PM

Post# of 16707
What would be their case? Unless they can prove that StreetSweeper blatantly lied in their article, exactly what case would any court hear? Investors sold their profits - happens every day in the markets when a stock is overbought.

The stock had a huge run and people took profits. Unless they can prove that StreetSweeper was lying or out to short this stock by writing a scathing article, they don't have a case that any US court would hear.

On StreetSweeper's site, I see lots of articles ripping companies. If they got sued every time they did, they wouldn't be in business.

I read that StreetSweeper said bad things about IMGG, too. So what? IMGG didn't like it either, but they said in a conference call there was nothing you can do about it. Translation - they didn't lie apparantly.

Sounds like people are looking for a scapegoat to me.