The seventh day of the month has been the habit, for announcements.
sixty cents plus or minus.
What is it now, four more after this one? finality in may of 2015.
by all rights price should fall to about 2.50 after ex day.
fastbunny does not read replies. She's a paid basher. They get paid by the reply though. It takes away from their spam output if they have to stop and argue. That is why I always report and ignore without responding to them once I figure it out. You can spot the ones that are paid bashers, they do not take the time to respond..Mikey is a different breed though.
here is the rest of the page. I thought it was appropriate because of last year's record use of margin and how the brokerages design market selloffs aided by margin calls. That is why our down days have higher volume than the updays. They probably force an extra billion shares through margin calls.
Most of the broker dealers who have both retail customers and prop-desk trading appear to engage in these practices. Goldman, Morgan Stanley and Merrill Lynch have been named in suits alleging these practices. Goldman made billions shorting against the subprime mortgage industry at the same time they were selling subprime investments to their customers.
Pulling Margin from long customers during a short attack serves two purposes. Obviously the flood of shares that are “forced” sales help drive the price down, which aids the short cause in general. More important, for the broker dealers who clear for their retail customers at the same time they short against them, it creates a built-in source of cheap shares from which they can cover their open short positions.
Some of the broker dealers short against their retail customers from their proprietary trading desks, or “prop” desks. These are trades owned by the broker dealer, and, while they are not illegal, ethical questions certainly exist. The retail customers, who may be purchasing long investments that are being pushed by the broker dealer's retail network, have no inkling that the broker is taking a large short position contrary to the retail investor's position. With the encouragement of easy margin credit, i.e. 30% equity, the retail customers load up on stock and margin debt.
The broker dealer, in concert with other shorts, may crash the stock by flooding the board with counterfeit shares, dropping the stock price. The broker dealers know the amount of margin debt and the price at which their retail customers get into margin trouble. They can accelerate the squeeze on their retail customers by arbitrarily increasing the equity (percentage) requirement as the price is dropping, frequently citing “volatility”; which is really the shorts flooding the board with counterfeit shares.
The compounding effect of a dropping price and increasing equity requirement flushes out more shares. The broker dealers sometimes will take over the account during a margin sell-off. By engaging in poor trading practices, such as heavy selling over lunch hour; concentrated “dumps” of shares; hitting the bid with market orders; and conspiring with other trading desks, they can further plummet the value of the stock and maximize the shares they have stripped from their retail custom
That's the spirit, we should be cheering the Google revenue side.
fastmoney is a serial shorter and will post anything for false appearances...
Like re-iterating an out of date announcement.
I will recap for those too busy to look it up.
Green Mountain Coffee roasters. Closed at 80 today with 38million shares short. After the close KO, having one now to celebrate, announces acquiring 10%. Afterhours trading sent the stock to 117.
Shorts are looking at having to spend a billion to cover.
The beauty is the huge gap up, they can't start out the day shorting it down unless they sell all their other stakes into market weakness first.
VRNG is about 25% short.
Shorty's day is coming again next week.
Green Mountain Coffee Roasters moved from 80 to 117.
Probably settle back to around 100 by close tomorrow, but sweet. The short burn on that should be around 750million loss. If they somehow manage to cover for less than 20 dollars per share.
Suddenly I like Coke again. Gonna have one now.
I wonder how the spammers attack that one. Oh it does not matter how stupid they appear, I forgot.
Maybe they were hoping margin calls would trigger some capitulation. With the markets at near record margin Jan 1st, I hear the calls have been going out, which is probably responsible for much of the pullback.
Shorts made a fornicating fortune on NTWK and CNDO.
They play by probablity and hubris. Hopefully the hubris kills them.
But but but but....
That basher short said all the insiders sold all of their shares at 3.50 and felt lucky before it goes to .67.
Now I am so disillusioned I can't believe anybody,... except for mom. She never lied, not even as a child, it was uncle Dale that really chopped down that cherry tree.
Now I am thinking of that song, "If I had a rocket launcher"[ someone would surely pay]
Only on this stage it would be "If I had a billion dollars" I 'd sure make shorty pay.
Can you think of their nightmare of having shorted 100,000 shares at 4.55 and it gaps up a buck never to look back? that is because everything below 4.98 was a short share.... he says thinking wishfully.
YOu are in direct opposition to the ethic of Henry Ford one hundred years ago, who thought his employees should be able to buy one of the cars they make without a mortgage.
His workforce was the highest paid in the western hemisphere.
Those who want to keep wages well below poverty need to accept those wages for themselves or be quiet. Do you accept that wage that you propose, for yourself? It is coming your way get ready
"The ones who have gotten shafted under President Obama are the"
Ones who got shafted worse under Bush.
Obama did not have the power to correct the shafting under the eight years of bush because of Republican blocking. Works out pretty well for you. First you block progress and proclaim how progress was not attained.
Once you figure out the big picture and how it helps a robust world community you will do a one eighty. And the moderates will welcome you into their fold.