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TheStreet, Inc. Message Board

  • zahnd9898 zahnd9898 Apr 15, 2013 3:44 PM Flag

    adam feuerstein, cramer MESSAGES

    The stock was rising rapidly which means shorts have to cover. Can you tell what's the best case scenario for shorts who are getting toasted? AF spells relief. Coincidence it happened on the second day of a run?

    1 Reply to beasleyjack17
    sarathsathkumara • Apr 13, 2013 12:52 PM
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    When you think abt the absolute short amount it is not much say around $20mm (10-12% of the float). They may mot be naked shorts. They can cover with options. Also I am not sure how much is related to recent placement. They can be short and hedge through the warrants they own. Shorts are... More

    nohype88 • Apr 13, 2013 10:51 AM

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    Actually, Adam Feurstein is like a cardboard cut-out for a stock analyst. He found a forum to post his musings in spite of his lack of education, particularly in the biosciences. Pee Wee Herman could probably replace him. He gets attention through controversy, just like his former carnival barker cohort, Cramer. Less

    maryjowhite.sec43 • Apr 12, 2013 2:24 PM

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    Your assertion is entirely correct.... AF has a long history of financial fraud.
    My investigators rudely interrupted his brown bag lunch today & he was hauled into SEC HQ.
    SEC lawyers are spending the afternoon interrogating him about his long pattern of securities

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    • CROOKS!

      The U.S. Securities and Exchange Commission has formed two enforcement task forces aimed at rooting out improper accounting and fraud at small companies, the agency said.

      The SEC’s enforcement division also created a Center for Risk and Quantitative Analytics to identify risks and threats that could harm investors, the agency said in a statement today.

      “By directing resources, skill and experience to high-impact areas, we will increase the potential for uncovering financial-statement and microcap fraud early and bring more cases aimed at deterring these types of unlawful activity,” co-director of enforcement Andrew Ceresney said in the statement.

      The financial reporting task force will concentrate on publicly filed statements, issuer reporting and audit failures, the SEC said. The group will also focus on a review of financial restatements and revisions. The group will be led by David Woodcock, head of the SEC’s regional office in Fort Worth, Texas, and will work in consultation with the enforcement division’s chief accountant, according to the statement.

      In fiscal 2012, the SEC brought the fewest number of accounting-fraud cases since at least 2003.


    • Fraudstein was bragging how he was in lawsuits and got away with him criminal acts

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