"* Important Disclaimer: Prior to the publication of this article, TheStreetSweeper (through its members) established a short position in Raystream with the intention of profiting on future declines in the stock price. Since Nov. 15, TheStreetSweeper has shorted a total of 20,000 shares of RAYS short at an average price of $1.38 a share. Due to a "forced buy-in," TheStreetSweeper covered 3,950 of those shares at $2.07 a share before this article appeared.
* Update: TheStreetSweeper increased its short position in RAYS on Dec. 6, when it sold an additional 5,000 shares of the company's stock short at $1.83 a share. Following that transaction, TheStreetSweeper has sold a total of 21,050 shares of RAYS short an an average price of $1.49 a share. It covered 6,050 shares of RAYS on Dec. 15 at $1.08 a share and the remaining 10,000 shares on Dec. 16 at $1.11 a share. At this time, TheStreetSweeper no longer has a position in the company's stock. Going forward, TheStreetSweeper may choose to establish a new short position in RAYS and will fully disclose the details of any future transactions as those trades occur.
Taking a short position and then writing a negative article to induce selling seems as bad if not worst than what some of these dirty stock promoters do.I thought you guys were sincere about helping traders avoid these pit falls.Seems these negative write ups only come after a run up and only after thestreetsweeper has established a SHORT POSITION.I have to say I'm extremely disappointed to see you guys trying to cash in on the backs of innocent and unsuspecting newbies that YOU CLAIM you are trying to help.Don't pretend to be taking the high road while you are funneling money in through the back door under the cover of the night for your members by going SHORT prior to these kind of negative write ups.What a sad sad greedy world we live in ?
"Due to a "forced buy-in," TheStreetSweeper covered 3,950 of those shares at $2.07 a share before this article appeared"
Looks you guys were taking a LOSS on that RAYS SHORT POSITION prior to the negative write up.
FULL DISCLOSER:I have NEVER BOUGHT or SOLD or SHORTED RAYS."~familyof5