Reed Hasting is cashing out over 5,000. shares every week for about 1.5 million dollars. Is he then using that 1.5 million to buy the stock on the open market to pump the price for his next 5,000 option sell?
Kind of like a ponzi scheme. He gets 1.5 million dollars every week and uses that to pump the price for his next sell of 5,000 shares.
I would think this would be illegal but I do not trust him. Would that not be insider trading?
What a stupid post. Anyone can buy and sell to move the price but you are cracy to think 5000 shares a week can have even the slightest effect on the stock price. Losing money probably made you lose your mind or that is the effect instead of the cause.
ABSOLUTELY! NO DOUBT ABOUT IT! EVERYONE (LONG OR SHORT)SHOULD READ this article from overstock.com. you will feel very sick after reading this because it will prove to you how kramer and the rest of wall street hurt good companies and force stock to drop 77% while pumping worthless companies like nflx for their own gains. investors and good companies are hurt because of these crooks!!!!
do not long or short nflx. manipulation big time for their own profit and you will regret it! read more from the link.
For six years Overstock.com has waged a war to expose Wall Street mischief. We did not go looking for a fight, but our company was attacked, and we learned we were not alone: the same manipulation-for-profit tools that Wall Street had deployed against us had also been deployed against many American companies, harming job creation, innovation, and economic growth. We knew that if left unchecked and unexposed, Wall Street's games could ultimately damage U.S. capital markets.
So in 2005 and 2007 we filed two lawsuits. The first case was against a hedge fund (Rocker Partners) and hatchet-job-for-hire research team (Gradient Analytics), both with ties to Jim Cramer. The second case was against a group of eleven Wall Street prime brokers, culminating in Goldman Sachs. The hedge fund in question (Rocker Partners) hired famed lawyer David Boies, and the prime brokers showed up with an army of the most prestigious law firms in America. Our lawyers were Dore Griffinger, Ellen Cirangle, Jonathan Sommer and Catherine Jackson of Stein & Lubin, a small but excellent San Francisco law firm.
We won the hedge fund case against Gradient and Rocker, extracting an apology, a retraction and over $5 million in cash (it felt good to beat David Boies' firm). In our prime broker case, one of the Wall Street banks (Lehman Brothers) has gone under (two, Bear Stearns and Merrill Lynch were sold at fire sale prices), and another seven paid us millions to let them out.
It is you and your cohorts that keep shorting that keeps NFLX going higher. Along with the news releases.
New shorts pile in while the old ones pile out at a loss. Then the new and the old shorts try again and again.
Other than that you posts are just nuts and bolts.
It would be the ultimate Ponzi Scheme. Give CEO Weekly Options of 5,000 Shares, where he gains over 1.5 Million Dollars. He then uses this Money to buy either Options or Stock to pump the price up. Of course just in time for him to sell another 5,000 Shares and do the same.
The Ultimate Ponzi Scheme.