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IMMUNICON CORP Message Board

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  • pantone101naturalblondie pantone101naturalblondie Dec 28, 2006 4:34 PM Flag

    RED ALERT: IMMC on NAKED SHORT THRESHOLD list

    >>Thanks for the post. I have several stocks from that list. I've seen viable companies removed from the market place due to nothing more than naked short selling. Its a very large problem that most investors are unaware of.

    You can have a profitable company shorted into non-existance. I've seen it. They bascially accomplish the task by shorting and never covering with actual shares. They short far more than the float and never furnish the shares because they don't exist. If you want to know how they accomplish this and why its a major problem, listen to this:

    http://www.businessjive.com/nss/darkside.html
    http://www.businessjive.com/nss/darkside.html
    <<

    You're welcome, and thanks for your info. It's exactly as I feared. What do you recommend? Would reporting it to the SEC do any good? Can Immunicon do anything about it?

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    • Relax. There is no problem. Don't fall for conspiricy theories or scare mongering. The most recent short interest in IMMC (as of 12/15/06...they report monthly) was 1,088,296 shares. There are 27.7M shares outstanding. At the very worst, this short interest dilutes the existing shares by 3.9%. Not a problem. At best, you know that 1.09M shares are going to be bought in the future by people who are losing money on their short positions. This usually results in panic buying, known as a short squeeze.

      • 1 Reply to flazney
      • pantone101naturalblondie pantone101naturalblondie Dec 29, 2006 12:27 AM Flag

        >>Relax. There is no problem. Don't fall for conspiricy theories or scare mongering. The most recent short interest in IMMC (as of 12/15/06...they report monthly) was 1,088,296 shares. There are 27.7M shares outstanding. At the very worst, this short interest dilutes the existing shares by 3.9%. Not a problem. At best, you know that 1.09M shares are going to be bought in the future by people who are losing money on their short positions. This usually results in panic buying, known as a short squeeze.<<

        My problem, flazney, is that a year or more ago I bought some shares in what I'd thought was a promising company. I sold them quickly because I didn't like that stock's volatility. Usually I like high beta stocks, but I didn't like this particular brand of high beta. Eventually I learned it was being attacked by naked shorters. It's now in the pink lists, supposedly because of wrongful mangement. Was the obvious bad management what drew the naked shorters? I don't know. I just know I didn't like the way that stock behaved and I didn't like its ultimate outcome. I was thankful to be out of it without a loss. My experience could've ended differently.

        Immunicon is an invaluable company, and I believe all us IMMC longs need to be on our guard to keep it from doing a Brigadoon.

        On another note, belated thanks for all your knowledgeable posts on Immunicon. It's posters like you who inspire me to hold onto my IMMC.