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Arena Pharmaceuticals, Inc. Message Board

  • fat.cells fat.cells Nov 14, 2012 1:50 AM Flag

    Marketmanipulation Interview by JC - Part 1

    Interviewer:
    Thanks for being here.....some new economic data out today but I want to talk about something else first...again today we have the misdirection from the futures...the futures up market and as of right now its actually down again. Is this just because its the holiday period that we are seeing this…?
    JC:
    You know...a lot of times when I was short at my hedge fund and I was positioned short meaning I needed it down...I would create a level of activity BEFOREHAND that could drive the futures… it doesn’t take much money. Similarly…or if I were long and I would want to make things a little bit rosy I WOULD GO IN AND TAKE A BUNCH OF STOCKS and make sure that they are higher maybe commit FIVE million in capital to do it and I could affect it. What you are seeing now is maybe it probably is a bigger market now maybe you need TEN million capital to KNOCK THE STUFF DOWN. But its a fun game and its a lucrative game. YOU CAN MOVE IT UP AND THEN FADE IT. That often creates a very negative feel. So let’s say you take a longer term view intraday and you say listen Im gonna boost the futures and then when the real sellers come in when the real market comes in they are gonna knock it down and ITS GONNA CREATE A NEGATIVE VIEW. Thats a strategy very worth doing when you are evaluating on a day to day basis. I would ENCOURAGE anyone who is in a hedge fund to do it because its legal.

    Interviewer:
    Right….
    JC:
    It’s a very quick way to make money and very satisfying.
    Interviewer:
    OK…..
    JC: By the way no one else in the world would ever admit that but I dont care.
    Interviewer:
    Thats right and you can say that here…..
    JC:
    And Im not gonna say it on TV.....
    Interviewer:
    On that note there is so many more hedge funds today then when you were managing you’re hedge fund. Does that exacerbate the moves or does it make it tougher?
    JC:
    Well the hedge funds are positioned long or short, not just long with mutual funds. So its really vital these next six days cause of YOUR PAYDAY….you really got to control the market….YOU CANT LET IT LIFT. When you get a Research in Motion its really important to use a lot of YOUR FIREPOWER TO KNOCK THAT DOWN cause its the fulcrum of the market today….so lets say I were short. What I would do is I would hit a lot of guys with RIM. Now you cant foment…..Thats a violation of………
    Interviewer: Ferment….?
    JC: Yeah. You cant foment…..
    Interviewer: Foment……
    JC:
    You cant create yourself an impression that a stock is down, but you do it anyway cause the SEC doesnt understand it….thats the only sense that I would say this is illegal. But a hedge fund thats not up a lot really has to do a lot now to SAVE ITSELF. This is different from what I was talking about at the beginning where I would be buying the Qs (?) and stuff. This is just actually BLATANTLY ILLEGAL. But when you have six days and your company may be in doubt because youre down I think its really important to foment if I were one of these guys. Foment an impression that Research in Motion isnt any good because Research in Motion is the key. So you would hit this guy and that guy when you would see an offering. When you see a guy who is bidding you would wipe out that guy quickly. What I used to do was call……..if I wanted to go higher…. I would take and bid--- take and bid---take and bid. If I wanted it to go lower I would hit and offer…hit and offer…hit and offer. I could get a stock like RIMM for maybe that might cost me fifteen to twenty million annually to knock RIMM down. But it would be fabulous because it would BELEAGUER all the…#$%$. longs who were also keying on Research in Motion. We are seeing that….again when your company is in a survival mode its really important to DEFEAT Research in Motion…..You get the PISANIS OF THE WORLD and the people talking about it as if there is something wrong with RIMM. Then you would call the JOURNAL and you get the BOZO REPORTER on Research in Motion and you would feed that Palms got a killer its gonna give away. These are all the things you must do on a day like today. And if you’re not doing it maybe you shouldn’t be in the game.
    Interviewer:
    OK….another stock that a lot of people are focused on right now seems to be apple.
    JC:
    Yeah…..apple is very important to spread the rumor that both Verizon and AT&T have decided they dont like the phone. Its a very easy one to do because its also you want to spread the rumor thats it not gonna be ready for macworld. This is very easy ‘cause the people who write about apple want that story and you can claim that its credible because you spoke to someone at apple cause apple doesnt……
    Interviewer:
    Theyre not gonna comment…theyre not gonna…..
    JC:
    So its really an ideal short….again if I were a short apple I would be working very hard today to get that……the way you would do that is you pick up the phone and you call six trading desks and say….Listen I just got off the phone with my contact at verizon and he has already said listen…. we are a lucky G house. We are a samsung house…..we are a motorola house. There is no room for apple. They want too much……. We are not gonna let them in. We are not gonna let them do what they did to music. I think thats a very effective way to keep a stock down.
    By the way ‘cause the stock at 84-85…a little bit a capital you go buy some January 80 puts that makes it look like there is gonna be something going on. So maybe give Morgan an order to buy 1000 January 80 puts and then you go position limit with …maybe you use a hack firm that doesnt know what the heck its doing….maybe you go to UBS for puts.
    You just kinda create an image that theres gonna be news next week and thats gonna frighten everybody……..
    Interviewer:
    You get…..
    JC:
    They all go out and say march put buyer… UBS….. then they CALL PISINAI AGAIN…..you have to use those guys and say….listen… I see a big buyer buying puts and Im told that its sac (?)…you would do that too. THESE ARE ALL WHATS REALLY GOING ON UNDER THE MARKET THAT YOU DON’T SEE.
    Interviewer:
    Right……Nobody else talks about it….
    JC:
    But whats important when you are in that hedge fund mode is to NOT DO THINGS REMOTELY TRUTHFUL because the TRUTH IS SO AGAINST YOUR VIEW that its IMPORTANT TO CREATE A NEW TRUTH TO DEVELOP A FICTION. THE FICTION IS DEVELOPED BY ALMOS ANYBODY WHO IS DOWN TWO PERCENT, UP SIX PERCENT A YEAR. You can’t take any chances. You can’t have the market up any more than it is if you are up six….because starting January 2 you will have all your money come out. What would you do if you were in that situation and you feel like youre esperate?….you would do these actions.
    Interviewer:
    So you’re talking about the mechanics of the market.
    JC:
    MECHANICS ARE MUCH MORE IMPORTANT THAN THE FUNDAMENTALS.

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