Tue, Oct 21, 2014, 2:53 PM EDT - U.S. Markets close in 1 hr 7 mins

Recent

% | $
Quotes you view appear here for quick access.

Cinedigm Corp. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • tajctda tajctda May 24, 2011 12:54 PM Flag

    almost every trade this morning is listed as a short sale

    I have a decent size position so want to see CIDM go higher and believe the end of year numbers will have it do so. Possibly to $3-4/share. However, this trading activity this morning did surprise me. I would say more often then not with this type of stock this activity was from an institutional investor given the info on a private placement at lower prices for CIDM. This investor then shorted all stock he could above that offering price and will effectively cover for a guaranteed gain by participating in that private offering. This practice is illegal now after years of abuse. However, IT STILL GOES ON. I talked to a hedge fund manager the other day who just did what I described only a few weeks ago. That is my guess as to what accounts for the activity. If that's what plays out, I will contact the company and SEC. The evidence is pretty clear.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
CIDM
1.5401-0.0299(-1.90%)2:44 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.