I just filed a complaint with the SEC asking them to investigate the relationship, if any, between and among the writers of Jan in-the-money calls, the sellers of stock right at the close yesterday and Lehman Bros.
I don't know whether there was an illegal conspiracy, but it sure looks like one to me and I'm sick of it.
If there was an illegal conspiracy I hope we read about the convictions of the bastards on the front page of the WSJ.
While I am not optimistic the SEC will even take this on, the potential connections are too obvious to ignore. Here we have a stock soaring on good volume and no news. For no apparent reason we see some heavy selling at the close (toss in an unexplained quote glitch if you are a real conspiracy buff). Next day we have a rather misguided downgrade from Lehman and suddenly the stock tanks and the Jan call writers breathe a sigh of relief. Normal market dynamics? Sure doesn't look like it.
I did as well in addition to filing a complaint with the NYSE. I have been in this stock for three years and have seen a lot of "painting the tape" but this was just too egregious. I also complained to Fidelity private access but got the runaround.
i think hbo should come out with a new series sunday nites called THE SEC...probably would need a warning stating more violence than sopranos, lol. was thinking samuel jackson as chairman..blah blah. what a sad day..
go lil ELN!! we know how ty-rrific u are and how bright the future is for the stock and the PATIENTS who need ty back and it makes me upset to see this happen! best to all as always! :)