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LRAD Corporation Message Board

  • nip7890 nip7890 Aug 8, 2013 2:54 PM Flag

    Seeking Alpha scam does it again

    Now it's clear where the volume came from yesterday - and what timing.

    I've been through this quite a few times over the past couple months. This article was released to Seeking Alpha paying customers 24 hours earlier.

    "Alpha-Rich ideas are our best money-making long and short investment ideas.
    They are released exclusively to Seeking Alpha Pro users 24 hours before publication"

    Pay your $2400 - $3000 a year, and you too can be a Pro user and have advance access to the articles so you can buy ahead of the common folk.

    However, this time, whether by design or just coincidence, releasing it (to Pro users) the morning following the earnings announcement probably juiced it even more.

    Ultimately what happens is no different from a pump and dump - they all crowd in, and then the bagholders trickle out over the next few weeks as they see they're going to watch the price deteriorate. Most of them will figure it out as they look at the financials, understand what was reported, and come to an understanding of the business/model.

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