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Netflix, Inc. (NFLX) Message Board

  • insiders_dont_buy_why_should_i insiders_dont_buy_why_should_i Feb 19, 2011 9:43 AM Flag

    Accounting Tricks? It happens and here's why

    http://www.bnet.com/blog/business-research/another-reason-to-cut-executives-8217-stock-options/857

    There's a whole lot of incentive to play loose with the books and it happens.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • THIS IS IT
      FOLKS=THANKLESS BRODCAST BUT DO NOT IGNORE THIS MESSAGE=GET OUT

      ALL FRAUD STREET BANKSTER CROOKS LED BY BERNANKE HAS NOW CREATED HELL AND THEY ARE TRAPPED

      USA FRAUD STREET CASINO CAN CRASH ANYTIME IN 2011

      AND THIS IS WHY?

      DUMP ALL FRAUD STOCKS/MUTUAL FUNDS/BONDS AND PREPARE TO PRESERVE WHAT U GOT

      ZOMBIE CLOWNS

      IS BERNANKE AND OBAMA ABOUT TO $HIT IN THEIR PANTS NEXT?LOL

      ROME DID NOT BURN IN A DAY


      AMEN

      MASSIVE RIOTS IN USA LATE 2011

      BERNAKE/FRAUD STREET SCAM FRAUD CASINO AND BUST OF USA WORKING CLASS

      EBRUARY 24, 2011, 5:38 AM INVESTMENT BANKING
      South Korea Opens Deutsche Bank Inquiry
      BY
      HTTP://DEALBOOK.NYTIMES.COM/2011/02/24/KOREAN-PROSECUTORS-OPEN-DEUTSCHE-BANK-INQUIRY/?PARTNER=YAHOOFINANCE

      South Korean prosecutors said on Thursday that they would investigate charges that Deutsche Bank had manipulated the stock market, an inquiry that could involve the German investment bank’s offices in Seoul, Hong Kong and New York.

      The Korean Financial Services Commission, the country’s financial regulator, announced on Wednesday that Deutsche Bank’s subsidiary, Deutsche Securities Korea, would have to suspend its securities and derivatives trading for six months starting in April, the heaviest penalty ever imposed on a financial firm in South Korea.

      The charges emerged after the Kospi 200 fell 2.79 percent in the final minutes of Nov. 11, the first day of the Group of 20 summit meeting, when the eyes of the world were on Seoul. That drop wiped out $26 billion in value, according to Bloomberg News.

      Deutsche Bank was a substantial market participant that day, selling $2.2 billion worth of South Korean stock that it had accumulated over the course of many months. The sell-off was an unwinding of an index arbitrage position the bank had built, in which it was long on stocks and short on futures options, based on a calculation that there was mispricing between the two.

      Nov. 11 was also an options expiration date, meaning that the futures leg of the arbitrage was set to expire. The bank decided to unwind both sides of the position, which represented a fair amount of risk and occupied a significant part of its balance sheet, rather than roll it over.

      Shortly before one part of the bank started selling stock at 4.5 to 10 percent lower than the shares’ preceding price, driving it down, the bank’s trading desk was buying long put options on those stocks, which allowed it to make a profit of 44.87 billion South Korean won ($40.5 million) in a matter of minutes.

      The question that prosecutors will examine is whether the combination of trades was the intentional result of collusion, or whether the trades were made independent of one another.

      If prosecutors decide to indict the Deutsche Bank employees, they may seek punitive damages from the institution well beyond the profit it gained from the trade. The case could take several years to be resolved if it goes to court.

      KRX Korea Exchange is set to meet on Friday to decide whether and to what extent it should act on the commission’s decision.

      The commission cited five employees at Deutsche Bank by their positions, including the global head of the absolute strategy group, which undertakes proprietary trading for the bank, but under South Korean law the agency cannot name them unless they are indicted by prosecutors.


      DERIVATIVES = NUKES ARE RADIATED WORLDWIDE AND EXPLOSIONS WILL TRIGGER MASSIVE CIVIL UNREST ALL OVER THE PLANET

      AMEN

      GOD SENT MESSAGE : REMEMBER THIS DAY FOLKS

    • MASSIVE RIOTS IN USA LATE 2011

      BERNAKE/FRAUD STREET SCAM FRAUD CASINO AND BUST OF USA WORKING CLASS

      EBRUARY 24, 2011, 5:38 AM INVESTMENT BANKING
      South Korea Opens Deutsche Bank Inquiry
      BY
      HTTP://DEALBOOK.NYTIMES.COM/2011/02/24/KOREAN-PROSECUTORS-OPEN-DEUTSCHE-BANK-INQUIRY/?PARTNER=YAHOOFINANCE

      South Korean prosecutors said on Thursday that they would investigate charges that Deutsche Bank had manipulated the stock market, an inquiry that could involve the German investment bank’s offices in Seoul, Hong Kong and New York.

      The Korean Financial Services Commission, the country’s financial regulator, announced on Wednesday that Deutsche Bank’s subsidiary, Deutsche Securities Korea, would have to suspend its securities and derivatives trading for six months starting in April, the heaviest penalty ever imposed on a financial firm in South Korea.

      The charges emerged after the Kospi 200 fell 2.79 percent in the final minutes of Nov. 11, the first day of the Group of 20 summit meeting, when the eyes of the world were on Seoul. That drop wiped out $26 billion in value, according to Bloomberg News.

      Deutsche Bank was a substantial market participant that day, selling $2.2 billion worth of South Korean stock that it had accumulated over the course of many months. The sell-off was an unwinding of an index arbitrage position the bank had built, in which it was long on stocks and short on futures options, based on a calculation that there was mispricing between the two.

      Nov. 11 was also an options expiration date, meaning that the futures leg of the arbitrage was set to expire. The bank decided to unwind both sides of the position, which represented a fair amount of risk and occupied a significant part of its balance sheet, rather than roll it over.

      Shortly before one part of the bank started selling stock at 4.5 to 10 percent lower than the shares’ preceding price, driving it down, the bank’s trading desk was buying long put options on those stocks, which allowed it to make a profit of 44.87 billion South Korean won ($40.5 million) in a matter of minutes.

      The question that prosecutors will examine is whether the combination of trades was the intentional result of collusion, or whether the trades were made independent of one another.

      If prosecutors decide to indict the Deutsche Bank employees, they may seek punitive damages from the institution well beyond the profit it gained from the trade. The case could take several years to be resolved if it goes to court.

      KRX Korea Exchange is set to meet on Friday to decide whether and to what extent it should act on the commission’s decision.

      The commission cited five employees at Deutsche Bank by their positions, including the global head of the absolute strategy group, which undertakes proprietary trading for the bank, but under South Korean law the agency cannot name them unless they are indicted by prosecutors.

      J. Ernst Lee, a spokesman for the agency, said in an interview that there was “clear evidence” linking the Deutsche Bank executives to the trade in question.

      Mr. Lee declined to go into detail, but a person familiar with the matter, who spoke on condition of anonymity because he was not authorized to speak to the media, said such evidence could be the “information trail” that showed certain employees were aware that the arbitrage position was being unwound.

    • This is very true !!!

      • 1 Reply to pro.trader62
      • retail...........do not be scammed by these criminals

        Keep flipping and stay short very long term

        this scam news?lol

        CBS?ABC/NBC..all free and the THUG pays undisclosed funds to these networks for what?Already free content

        what a scam news ..?Lol


        Leap puts.........must keep rolling

        NEW YORK and BEVERLY HILLS, Calif., Feb. 22, 2011 /PRNewswire/ -- CBS Corporation (NYSE:CBS.A - News) and Netflix, Inc. (Nasdaq:NFLX - News) today announced a two-year, non-exclusive licensing agreement that will allow select TV shows from CBS's library, including episodes of "Medium" and "Flashpoint" as well as full seasons of classics such as "Frasier," and "Cheers," to be streamed instantly from Netflix. CBS retains an option to extend the agreement for up to two additional years. Terms of the deal were not disclosed.

    • LION BROADCASTING AND BREAKEM1 HAS STRIPPED NAKED THIS COOK BOOK SCAM AND $200M DEBT USED FOR THE SCAM BUBBLE



      HELLO ENRON/WORLDCOM/DOTCOM

      CRIMINAL THUG REED HASTINGS PLANNED AND EXECUTED SCAM BUBBLE FOR LOOT IN BILLIONS...........STREAMING HYPE BUBBLE CRIME SCENE

      AMEN FOR SUCKER BAGHOLDERS

      Don't be fooled by these criminal thugs now................Retail

      Leap put weapon.......

      jan2012 puts.............park it

      Short USA fraud street Casino with Jan2012 puts

      nothing to be long

      flip flip and keep adding leap puts ........one weapon for retail

      USA ---------massive civil unrest late 2011

      now one has to be brain dead to hold this worthless scam =worthless hastings gang $ss wipe paper

      Q?
      WHEN WILL CRIMINAL THUG REED HASTINGS GANG GET NAILED?
      BIGGEST WARNING TO RETAIL:GET OUT TODAY OR GET SLAUGHTERED NEXT IN THIS WORTHLESS SCAM BUBBLE


      WARNING=THIS SCAM STOCK IS WORTH $9 AND THAN PINK SHEET FUTURE=CRIMINAL THUG REED HASTINGS AND GANG LOOTED ALL

      NOW AN EMPTY SHELL SCAM

      http://messages.finance.yahoo.com/Stocks_(A_to_Z)/Stocks_N/threadview?m=tm&bn=22401&tid=311087&mid=311087&to

    • blockbuster competition next in full force
      Blockbuster reaches deal for sale, seeks more bids
      Blockbuster reaches deal to be acquired by investor group for $290 million, seeks more bidders



      Email
      Print
      On Monday February 21, 2011, 5:13 pm
      DALLAS (AP) -- Movie rental chain Blockbuster Inc. said on Monday it reached a $290 million deal to be bought out of bankruptcy by a group of investors.

      The offer from Cobalt Video Holdco LLC is a so-called "stalking horse" bid, which Blockbuster hopes will attract other bidders who will offer more.

      The Cobalt group includes funds managed by Monarch Alternative Capital LP, Owl Creek Asset Management LP, Stonehill Capital Management LLC and Varde Partners Inc. They all hold secured Blockbuster debt, so they stand to benefit if someone else buys the company for more than the amount they paid for their Blockbuster debt.

      Blockbuster used to be the dominant U.S. movie rental chain. But it lost money for years as customers shifted to Netflix Inc., video on demand and DVD rental kiosks. When it filed for bankruptcy protection in September it was down to 3,000 stores. In December, the chain said it planned to close 182 stores in the next few months.

    • MORE FACTS
      IN LAST CC: CRIMINAL THUG REED HASTINGS WAS ASKED TO COMMENT ON AMAZON COMPETITION BUT CRIMINAL THUG ANSWER WAS:
      I HAVE NO CLUE
      BUT IN 10-K FILING THE CRIMINAL THUG SCREAMS AMAZON THREAT LOUDER


      http://paidcontent.org/article/419-what-worries-netflix-about-amazon-isnt-just-competition/

    • criminal thug Reed hastings scam play book

      lol
      Questioning Netflix's Numbers: Best to Stay Away From This Stock
      http://seekingalpha.com/article/253988-questioning-netflix-s-numbers-best-to-stay-away-from-this-stock?source=yahoo

    • Sexiest Jobs of 2011 Require Flair With Fraud: Susan Antilla
      By Susan Antilla - Feb 17, 2011 4:00 PM PT
      Bloomberg Opinion


      Did somebody say America was having a hard time getting back to work after the financial crisis and ensuing recession? Forget the dopey career counselors who are coaching you to earn a new degree. There’s a job sector poised to enter a new golden age, and it doesn’t even require a high school diploma. So all you aspiring millionaires had better listen up.

      “This is a perfect time if you want to be a crook,” says Joseph Borg, the 16-year veteran securities regulator who runs the Alabama Securities Commission. Borg, who has seen his share of creepy wrongdoers, doesn’t mean just any kind of crook, of course. He’s talking about lawbreakers who sweet-talk investors out of their money with everything from misleading products and promises to bogus tax shelters, real estate pools and Ponzi schemes.

      Why now? Because everything is going right for you

      http://www.bloomberg.com/news/2011-02-18/crooks-get-ideal-market-conditions-for-trade-commentary-by-susan-antilla.html

    • The science is called how to cook the books. I am an accountant I tell you I can produce 10 different results from teh same set of numbers all following approved rules. At least 50% of accounting results are based on Estimates and Interpretations. It is a mad mad world.

 
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