Dooley's stock picks

[fourkids_9pets]

interesting set of posts from the gboe board
really curious to see how this is handled/plays out

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Britpack
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Wednesday, January 26, 2011 12:12:25 PM
Re: None Post # of 15501

Hey, anyone here have a Pacer account (Public Access to Court Electronic Reports). If you do, login and do a search on GeoBio and see what you find, it is quite intriguing. If you don't you can sign up for free (although searches cost $0.08 per page) www.pacer.gov.

If you do a search on GeoBio, you will find a single case. Click on that and you will see (cliff notes) it is ST suiing several MM's the company and certain individuals. The case was filed Dec 20th and Dismissed Jan 19th (by ST). It basically shows admission on S/T's part of shorting 19m shares. They were trying to sue the other MM's as they claimed they should have known better than to accept the orders from S/T based on the O/S and the price.

It also mentions a forced by in by one of those MM's if S/T does not deliver the certs.

This is very sumarized, you should go read it for yourselves, it is very damning. S/T may not have covered yet, but if they don't soon, the MM's will do it for them.

All IMO

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tom favata
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Wednesday, January 26, 2011 1:05:48 PM
Re: doughboy2 post# 15498 Post # of 15501

Now that it is out there I can disclose what I have known. ST is seeking relief due to MMs requesting forced buyins to cover the mess that ST caused. MMs are requesting that ST cover over 19 MILLION SHARES or they will take action. This case clearly states that ST screwed up! Read the 11 page document and you will see for yourself. This case was dismissed on 1/20/2011 by scottrade because legal action was threatened by MMs. ST has agreed to take care of the mms requests within 35 days of dismissal. Can you say SHORT SQUEEZE!!!!!

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4kids
all jmo