Apart from Cuban's great sale of broadcast.com to Yahoo during the Internet boom, does he really make money on his tock portfolio? It seems more like noise making to me................
i will have to say one thing about byrne. he is honest but not very bright. he was buying his stock 10 points higher. since he had inside info that this quarter would be horrible he could have waited. why he would be buying this stock and destroying his capital is another story. the only answer i can think of is he is trying to manipulate the stock higher on the backs of shorts. now we know why other hedge funds are not causing the much anticipated short squeeze. the company is so bad they dont want to chance getting stuck with the stock at this level. there may be a short squeeze some day but it looks like it will be from much lower.
Did you ever check out INGN? All I can and will say.. is the game is starting. Thank me when you buy your first NSX.
http://bobosrevenge.blogspot.com Somebody defend the actions documented here. Please, I'd like to hear it.
excellent piece... i wish you would post it on the board here. if there are no objections i may do so in the future. i would just like to point out what i said at the beginning, i.e. this is bigger than just wall street and some hedge funds. the is systemic and is part of a conspiracy that entails a complicit media at the highest levels. this thing stinks more than a rosie odonnell sleep over. cnbc/nbc spiked the story and gave some very obvious bull chit reason for doing so. gosh, is it any wonder the big banks are the villains again? plus you got the SEC hierarchy turning their backs on us..... how can anyone stand up to these guys? even though you are 100% in the right, you will be going up against the biggest banks, the media, the SEC and Richard Shelby. GOOD LUCK !!!!!!!!!!!!!
http://www.time.com/time/insidebiz/article/0,9171,1126706-2,00.html See the "fifty". Refco signed off on at least fifty of these deals with AMRO RHINO BADIAN LADENBURG etc. The bodies are at Refco. That means, naked shorts . Stock that has been sold with no real seller. It is toxic waste. Refco will not be the last firm to fail. It is rumored that the DOJ was looking for the money trail on Sedona, and ended up at REFCO> Go back and look at my posts. Sedona is the poster child of the movement. More developments coming here. A squeeze here will cost Wall St. all their Christmas bonuses. And, OSTK ceo will be at the forefront of the cleanup. That story is only beginning. I'm shutoff on that info. Once you get to Senators, and "badges and guns", the information flow stops. This is the end of Wall St. as you know it. This is the end of the "too big to fail" doctrine. More regulation, big names doing prison time. Billions in reparations. Settlements with hundreds of companies. My, my, my. Oh yeah. Regulators in the slammer. I hear, in the next week or so, companies dwarfing OSTK going out and complaining about illegal trading. What scumbags, these firms.
CNBC is about to have a segment on OSTK I believe... possibly titled "the stupidest trade of the week" - The New Guy
New SEC chairman made a telling comment during his speech to the Securities Industry Association Friday. From the link below: "Rules can sometimes have the opposite effect from what regulators intended, he said, while asserting that the SEC under his tenure should not and will not reopen and contest every prior regulation." Seems these short-sale rules, if fully enforced, would have the opposite effect they were intended to have. While I'm not betting in this arena, my bet would be that the regulations are more likely to be rejiggered on a wholesale basis than we are to see a 'crackdown.' http://www.cbsnews.com/stories/2005/11/11/ap/business/mainD8DQI9500.shtml
it is out of the hands of the SEC and the Regulators. It is now in the hands of the Senate, the Congress and the States. The SEC is now powerless to stop the reform. I got a call today. Seems State Regulation Departments are overwhelmed by "naked short" complaints, and the States are taking it in their own hands. Wall St. and their greed really did it this time. Anthony Elgindy's mother was picked up at the Dayton, Ohio airport by FBI and IRS officials. I love the IRS part. That's how they got Capone, and it is how they are going to solve this. I know the "too big to fail" bullshit the Street uses. Well, Refco wasn't, and neither are the rest. They'll be several more as they uncover the hundreds of companies destroyed, as well as the Fortune 500 companies about to make a move. Enough is enough.