earnings is coming up after close Monday. Richard Pearson... the short seller hit piece king... did another hit on behalf of a large hedge fund shorting Galena today. Apparently the shares are not falling fast enough for the fund... and Pearson is always ready to slam a company for a price. Last year he was all over Kandi KNDI... called the CEO a #$%$ and accused them of cooking the books. Etc. I am #$%$ off... and angry... and would not sell off now even if I felt like it... thinking of calling up relatives and telling them to buy this stock. My two millionaire brothers come to mind.
how come all the #$%$ hole shorts can't spell, read, or write? Did the hedge fund pull you off the street and offer you minimum wage, since you are a high school drop out, obviously? to come... not two come. IDIOT
geeze, so I guess we would all be Freakin stupid morons not to sell here now, huh? Gee, thanks for the kind concern, Richard! #$%$ hole. I think Pearson, Cramer, Firestone, and company will be going to jail... not Ahn. This is obviously hedge fund manipulation. Choke on it.
you were right... not getting in at those levels yesterday means I will have to buy it in the under two dollar range. 1.90 and falling like a rock. good company. but, this stock is nuts. Violent swings. Thinking it will stabilize around 1.60 per share.
Bio's are the biggest money maker in the stock market. They are therefore the number one target for shorts and longs. That is... this is where the big sharks swim in the deep end of the pool. For a revelation of how much dirty stuff goes on... read Deep Cover website on "the Story of Dendreon". Scan it... it will make you feel dirty just reading it. True documentation of the near death of a biotech for the sake of a dirty and illegally operated hedge fund, the mafia, and Michael Milken.
I did not mean HE wanted the shares cheaper. I meant that someone who hired him... wanted the shares cheaper. Hedge funds, for one. If not to buy them... to make money shorting them... or more money. Large hedge funds are KNOWN to be biotech company killers... for profit... by shorting them. Billions of dollars are at stake in shorting biotechs... not a far reach to suppose that Pearson is being paid... and paid well... by someone making a lot of money shorting Galena.
His HIT pieces on KNDI a year ago smeared the company CEO as an insider lying about the numbers on the company, etc. Kandi is now laughing all the way to the bank... with a twenty dollar a share stock... and producing electric cars for all of the Chinese cities as commuter rentals. But Pearson was SHORT KNDI one year ago, said so, and was warred against by other long Seeking Alpha writers. Serves his purposes to be so nice as to point out dream team approach... if in fact it did happen at all. I think the hedge funds basically make money on shorting... and Pearson is a short piece writer. I think the hedge funds themselves may well have paid him handsomely for this article. Read the article at Deep Capture called Story of Dendreon. James Cramer is named and implicated as guilty in the 100 page document. This is how dirty wall street is... paying writers to write hit pieces for hedge fund profits... some of whom are tied to the Mafia.
yup. got that right... including Richard Pearson... the famous hit man of Seeking Alpha for short sellers. Nothing fishy about him releasing a hit article just before earnings about Abstral are out... LOL
Further... he insinuated in those Kandi articles that the CEO was pocketing money and misrepresenting the figures of the company and actual numbers... etc etc. So he cast a black cloud of doubt over that Chinese manufacturer... and 400 percent later... at 20 a share... investors are LAUGHING at Pearson for being such an idiot. Here we go again!
When I held Kandi stock, Pearson was writing articles when it was four bucks a share last year about why Kandi KNDI was all a scam. The KNDI stock is now 20 dollars a share, and making electric cars for the Chinese government to rent out all over China in the big cities as commuters. A legit company... and other Seeking Alpha writers were in a war with Richard Pearsons about being short... and writing articles against... KNDI... so that's all I need to know to judge HIS credibility. HE HAS NONE.
by the way... YAHOO censored Richard Pearson's name in my title. His name is Richard... and some people call him the nickname that rhymes with "LICK". So... the little asterisks are for Richard... Pearson. But, he really is being a Richard here, i believe.
That is... you don't think "shorty" #$%$ Pearson had ANY ulterior motives or an agenda to drive the price down, do you? Although he presents that he had been approached by the dream team, it is not clear that there is any proof that the management of Galena had caused any distortions or misstatements or exaggeration of the facts in any articles written. If approached for verification of facts and statistics of Galena by the writer(s), don't you think it's okay for the executives to help release true and factual forward looking statements? I still don't get it... seems to me to be all a tempest in a teapot. Had Pearson written this a month ago... I might have given him credence. Since it is written within three trading sessions of the earnings report... it causes me to believe not only does he want share prices down... but also he is looking to get in cheap... or someone is... before the earnings release. As far as I am concerned... I have stuck with Galena to this point... it looks suspiciously like the earnings report is going to be really good.... and someone will get really cheap shares right around here.
The question is, if Pearson is telling the truth, is it illegal to supervise articles being written about your company by a third party... or to edit them? That is, if the dream team wrote articles about Galena, and Mark Ahn edited those articles or helped write them... I seriously doubt he would ever admit to such a fact and I doubt that the dream team writers would ever say that Galena knew about the articles... as this would implicate them in what would appear to be unethical events... if not illegal. And I don't know that it is illegal for a CEO to oversee articles about his company... perhaps just answering statistical questions and giving facts where needed. Since SA is a public forum, this is not insider information... as they were making it into a press release. The question remains... was anything written by any dream team writers factually untrue or exaggerated? If so, that is illegal. If not... totally legal. If the dream team published facts and forecasts from the CEO and the board of the Galena comany, I don't believe that free press can be infringed upon in preventing them from posting such articles... whoever wrote them... although multiple aliases by individuals doing the press releases is unethical... because it presents multiple witnesses not in fact present. Just my thoughts on this garbage.
I bought the stock... because I investigate companies on the gainers / most active lists. When reading the company website for UQM Tech, it was fairly impressive in all respects. Most company websites are fairly boring, and contain very little useful info. When I read the company exec bios... that clinched it. You can't substitute or replace talent. The certification thing to me was a plus, but not the main reason. The customer base reported is very impressive too. I think my favorite factoid was that they made the motor for the Boeing prototype fuel cell airplane / glider. Fascinating. Of all the companies that Boeing could have gone with... they used UQM Technology. Boeing can afford to do anything they want to... and if we were not the best out there for their purpose in a one off airplane... experimental...prototype... they would have gone to someone else. No brag... just fact.
New Jersey IS a contrary indicator. That backwards #$%$ state is nothing but oil refineries, mobsters, toll booths, and narcissists. The only reason it exists at all is to be a bridge to get to New York City. Everyone I have ever known from New Jersey was a giant #$%$ hole.
could anybody ask for a worse design than a GM? plastic, #$%$, overpriced, flimsy, impractical. And those are the good points of General Motors.
exactly. Warren Buffett... the Oracle of Omaha. He loves growth companies who are beaten down in price. He loves buying when everyone else is stampeding out the door. This is a no brainer.
obviously, shorts covering is causing the bouncing price action. if the shorts are covering... will the traders sell off at the end of the day?