Dude, if I'm saying the company should be OK, does that sound like I'm short?
Why the downvotes? You know it's true. Yu moved EBIX down with his unsubstantiated claims. He may do it again with some other company. As soon as I saw the news ths morning, saw who it was from, I began buying the dips.
The odds of a tiny company being raided by the government 4 days after an anonymous blogger suggests there are accounting problems, but no consumer-facing issues, is... how much?
You're moving the goalposts. I only wanted to know why, when Wedbush MAINTAINED an outperform rating and REDUCED its price target from $32 to $25, you characterized this as "another upgrade".
Yes, as long as it wasn't a sham transaction or a transaction meant to make the Chinese company lose money so that TTS sees inflated profits, it should be OK.
Anybody with a proven track record of being able to move a stock's price, yes.
Generally, the lawyers will go after people with money. A lone trader doesn't sound like a fruitful target.
Not sure of your source here for the "false allegations" claim, but Citi downgraded TTS this morning and lowered the target to $14.75. Doesn't sound like Citi believes the allegations are all false.
What makes you think either of the notes today were upgrades to strong buy?
Peregrine Systems had real products and 3000 employees. That didn't stop them from going bankrupt just 5 months after an accounting problem was discovered (it was alleged that they were inflating sales by selling product to companies that didn't actually use the product. The money went back to the companies when Peregrine bought products from them that they also allegedly didn't use.)
FMCN took 4 months to recover. That's a success in any short's book. As I said, it doesn't matter if he's ultimately right; the damage is done, and hundreds of millions of dollars have been lost by investors and employees, much of them permanently if they got margin calls and cannot hold through any recovery.
I think we can all agree that 20% in one day is a success for the shorts, regardless of how large any previous drop was.
Can you do us a favor? Post a photo of the SEC guys when they come to visit you. I'm curious if they wear dark suits.
It's not unusual to find option strikes at 2x the stock price. There are also strikes near 0, but that doesn't mean the price will get there. But it is interesting that there enough open options to control more than 10% of the float.
Thanks for posting this. At this point, it doesn't really matter if they're guilty or innocent. Once MW and Bloomberg have sunk their teeth into you, it's just a matter of time before you go under. I'm sorry for all NQ's employees.