On Feb. 12, TheStreet published a story documenting how Galena paid an investor relations firm, The DreamTeam Group, to engage in a stock-promotion campaign on behalf of the company. The DreamTeam's work for Galena included publishing promotional articles written under false names on the investor web site Seeking Alpha.
Aided by this promotional campaign, Galena shares tripled in value from last summer. Coincidence or not, Galena insiders, including CEO Mark Ahn, made millions of dollars by selling company stock in January.
Seeking Alpha is essentially a Blog and if it is used by some to promote their agenda it doesn't mean that it is in and of itself either good or bad. I have three rules that I follow concerning SA articles:
1. I don't believe everything I read.
2. I read the comments. This allows me to hear many different points of view and make up my own mind.
3. I give much more weight to contributors, I know and trust than to contributors I haven't heard of.
All-in-all, I find SA a valuable source for information and for various points of view.
.A seeking alpha writer put out a buy on this piece of S*** called Castlight Health.
Seeking Alpha contributor Don Dion, on the other hand, agreed that the offering was “mispriced,” but instead determined that the stock was underpriced given the “sector and strong tech IPO demand.” Dion informed his readers of plans to buy the IPO. In reference to castlight health's IPO