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ModusLink Global Solutions, Inc. Message Board

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  • rhaskins1950 rhaskins1950 Sep 19, 2008 7:14 PM Flag

    CMGI - Not in financial?

    they are neither a "logistic distributor" nor a "website designer" as you refer to them. Do a little due diligence. The reason they are on the list is because they were deemed to have been manipulated and adversely affected in terms of stock price with the rampant naked short selling that has been occuring, especially over the past few months.
    Now the tide has turned and shorts are forced to cover their positions and it seems that it will take quite a lengthy period of time due to the number of short shares outstanding, which in turn will definitely drive the price (artificially) high, tipping the other end of the scale.
    I for one have put a sell order in for my shares in order not to make them available for (naked)short sales

 
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