I had to give my real name and contact for this- It is serious and Fuerstin will be investigated. Here is copy filed just now with SEC :
The shares of Ariad Pharma had been trading up for several days on positive drug trials and News speculation of potential takeover. Today an article published by Adam Feuerstein of The Street-(link-http://www.thestreet.com/story/12275420/1/ariad-pharma-short-seller-explains-why-takeover-rumor-is-bunk.html?puc=yahoo&cm_ven=YAHOO) was published. Prior to the publication there were 900 $9 strike PUT contracts purchased for a total price of approx $125,000, a very speculative and hefty sum for a stock trading towards $10 at the time. Within the hour (and actually slightly before: news leak) of the rather dubious article the stock plummeted from $9.63 to $7.69, a decline of 20% in about 30 minutes. This is not by accident but by design. The Street Biotech writer has used his position to illegally manipulate and benefit from his position. Many people suffered as a result. I have been trading actively for many years and this is one of the most obvious and heinous frauds I have witnessed.To buy 900 PUT contracts against open interest of less than 300 and then another 1500 traded.
Thank you for your help in investigating this matter.
A cease and desist order is only $150 bucks. He claims to have gotten the information from an investor friend which he will not name. So he may have covered himself with that. I know from being invested in another stock he was hit with one, and it worked for a while. Then he just had his buddies writing them.
The dust seems to have settled around the buy-out. I have been saying since the news hit, we don't need a buy-out to move higher. I think we have settled here around $8 and will move up to around $14 in short order.
We had good news today, don't be fooled!!
I appreciate what you have done...I am one of the silent majority here who benefit from posters like you. Maybe if more people complained, something might actually have to be done. Otherwise, we, the small investors are throwing our money at big companies to take! It is a rarity that a small guy can actually strike it big in stocks.
Sentiment: Strong Buy
If you think the SEC cares, you are an idiot.
Indeed, the SEC rules actually allow this to happen LEGALLY, even if Adam was paid for his work. Really.
And I will say it is quite sad that it is legal, as long as the story is not factually malicious.
good luck. Me, I am long.
Understood- However, I have decided to pursue this- If everyone thought the way you presented would be no UniTed States, would be no equal rights amendments, would be no etc.., Ok a little corny especially considering SEC pales when compared to landmark decisions; however, it nonetheless makes it very important to hold those accountable. And after years of tarding and witnessing these types of fraud I have taken a firm stance; A F will be investigated and those that supersede him ( as you may have noticed there have been other media attempts to deflect from the A F article). All is being documented. I have hooked a Fishstein.