Guess it won't happen at our level, would be nice to know if any Rosen people were trading ctix 1, 5, 10 days before yesterday, and what was the trading pattern like and what type of trades were done and the intensity between 9:30 and 4 pm yesterday. I thought somebody here said yesterday evening their brother worked for the SEC or was that on yahoo finance board last nite??
I agree that it looks of collusion between the article writer(s) and Rosen. SA put the article out and the law firm sat back and watched the stock sell off. After two hours of stock dropping like a stone, Rosen law firm submitted their already written securities claims loss press release. All my opinion but it sure seems fishy that it all hit at once.
Clear grounds for disbarment. What this law firm does is simply scan for big stock drops, quickly assesses the cause, then releases a boilerplate "investigation" PR and fills in the blanks (the company's name), hoping to drum up a shareholder suit and seeing what sticks to the wall. Costs them nothing. They're the securities law equivalent of ambulance chasers.
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