It's not that big of news... "The Street" brotherhood are just flies circling CYTR's head temporarily. They will be gone soon with their short profits and nothing more will happen.
Adam F's biggest concern- people at CYTR proofread PR articles... Calling for SEC investigation... Get real. People need to see this for what it is. "The Street" brotherhood executing a short trade for profit and writing bashing articles that are overblown...
Yes, it may take a little time but this will blow over. People calling for criminal charges are crazy. Read Adam F's latest article- he says the biggest issue is people from CYTR proofread PR articles... Is that al he's got... Shorts will cover and "The Street" brotherhood moves onto its next short.
Thanks for posting. It's nice to see someone who can think for themselves and look into these matters and not just take what "The Street" brotherhood says as gospel.
This whole thing is blown out of proportion. You have "The Street" brotherhood executing a short trade and writing bashing articles and some ambulance chasing NYC attorneys trying to scrape up a buck. This will pass... Might get worse before it gets better but it will pass.
We'll review this Monday at 7AM. I think you are wrong. This all will pass. SEC fines? Get real, nothing criminal has happened! All you got is "The Street" brethren executing a short trade along with bashing articles and all the idiots are buying it. You have no idea how these Wall Street criminals work, do you?
What you said is very true. The whole system is a game. You obviously know how this game works. I do think you are right about them covering tomorrow as GALE reports earnings Mondays and shorts are the most gut less weasels there are and they would never stay in for that.
That article only helps "The Street" brotherhood with their short trade and the ambulance chasing NYC lawyers who will file class action suits. "The Street" brotherhood has made a load on their short trade and the ambulance chasers will try to suck as much cash out of GALE and CYTR as possible and the shareholders won't see a penny.
Why is it wrong for CYTR to hire a PR firm to release articles promoting the company? I think it was a mistake for that firm to allow the writers to hide their identities and not disclose they were paid for their work. But certainly CYTR had nothing to do with that. These articles are way, way overdone and scream of conspiracy when there is none. And if all that is sooo bad... Why can "The Street" brotherhood do basically the same thing to promote their short position? They aren't doing this to help others out, they are doing it to make money on a short trade...
What really needs to happen is the lawyers for GALE need to force the members of "The Street" involved in this fiasco to give a deposition. See how that goes for them when they are under oath to tell the truth... Then start connecting the dots to the others involved.
My guess is the sales were short sold but that is just a guess.
Yes, when the dust settles it will be time to pick up some more. I added a little more at $4.80 today. I'll see what happens and may add again on another leg down.
OK, I'll give you that. But the fact is people continue to talk about criminal charges... There will be none. ABSOLUTELY NONE. And if you don't like it move on to another stock. And lastly, the GALE lawsuits WILL NOT be successful. They sure have created a stir... And when the dust settles, CYTR can either thrive or fail on its own merits.
Lets get real here. THERE"S GOING TO BE NO CHARGES. You can't be charged for bad judgment. Heck those GALE lawsuits don't stand a snowballs chance in hell at being successful. And for the record, I have no position in GALE. All this talk needs to end. NOTHING is going to happen with charges and the GALE lawsuits. NOTHING!