Sitejabber review of the streetsweeper: This websi
Post# of 14350
Posted On: 09/27/2012 8:29:11 PM
Sitejabber review of the streetsweeper: This website attempts to portray itself as a legitimate website that educates the public about potential corporate fraud and schemes when in actuality it is a website that is used by its editor and contributors to target smaller start up companies by loosely fabricating stories whose primary purpose is to create panic and induce stockholders to sell stock that TheStreetSweeper.org and its conspirators have issued short sell orders.
This is further demonstrated by separate articles on the StreetSweeper in their first article disclaimer they indicated they have shorted the stock, and in the second article disclaimer, they state that they don't have any interest, but the disclaimer on the website prettymuch says it all in that their objectivity in their articles is slanted by profit sharing (short/long) positions that they establish.
=== Website Disclaimer
ADDITIONALLY, STREET SWEEPER WILL FROM TIME TO TIME HAVE PROFIT-SHARING ARRANGEMENTS WITH THIRD PARTIES OR OTHERS WHO WILL TAKE LONG OR SHORT POSITIONS IN STOCKS REFERRED TO IN THIS NEWSLETTER. THESE POSITIONS AND/OR ARRANGEMENTS WILL AFFECT OUR OBJECTIVITY.
Which in essence means that they will use their blog to manipulate stockholder sentiment in order to cover their short positions.
=====Disclalimer below is from their first article
* Important Disclosure: TheStreetSweeper, through its members, began establishing a short position in Miller Energy Resources (MILL) on June 24 and has now shorted a total of 129,431 shares of the company's stock at an average price of $7.07 a share. It expects to profit on future declines in the stock by covering its short position at a lower price and will fully disclose the details of its transactions as they occur.
Update: TheStreetSweeper covered 39,500 shares of MILL on July 28 at $5.42 a share. It covered the remaining 89,931 shares of its short position in MILL on July 28 at $3.76 a share and no longer has a position in the company's stock. TheStreetSweeper may choose to establish a new short position in MILL in the future and will promptly disclose the details of any additional transactions in the company's stock if and when they occur.
As a matter of policy, TheStreetSweeper prohibits members of its editorial staff from taking financial positions in the companies that they cover. To contact Melissa Davis, the editor of this website and the primary author of this story, please send an email to editor@thestreetsweeper.org.
Disclaimer below is from their second article=================================
* Important Disclosure: TheStreetSweeper currently holds no financial position in the stock of Miller Energy Resources. As previously disclosed, TheStreetSweeper established a short position in the stock before publishing its original investigative report on the company. However, it has already covered that entire position and has executed no additional trades in the securities since that time.
As a matter of policy, TheStreetSweeper prohibits members of its editorial staff from taking financial positions in the companies they cover. To contact Melissa Davis, the editor of this website and the author of this story, please send an email to editor@thestreetsweeper.org.
http://www.sitejabber.com/reviews/www.thestreetsweeper.org
This is further demonstrated by separate articles on the StreetSweeper in their first article disclaimer they indicated they have shorted the stock, and in the second article disclaimer, they state that they don't have any interest, but the disclaimer on the website prettymuch says it all in that their objectivity in their articles is slanted by profit sharing (short/long) positions that they establish.
=== Website Disclaimer
ADDITIONALLY, STREET SWEEPER WILL FROM TIME TO TIME HAVE PROFIT-SHARING ARRANGEMENTS WITH THIRD PARTIES OR OTHERS WHO WILL TAKE LONG OR SHORT POSITIONS IN STOCKS REFERRED TO IN THIS NEWSLETTER. THESE POSITIONS AND/OR ARRANGEMENTS WILL AFFECT OUR OBJECTIVITY.
Which in essence means that they will use their blog to manipulate stockholder sentiment in order to cover their short positions.
=====Disclalimer below is from their first article
* Important Disclosure: TheStreetSweeper, through its members, began establishing a short position in Miller Energy Resources (MILL) on June 24 and has now shorted a total of 129,431 shares of the company's stock at an average price of $7.07 a share. It expects to profit on future declines in the stock by covering its short position at a lower price and will fully disclose the details of its transactions as they occur.
Update: TheStreetSweeper covered 39,500 shares of MILL on July 28 at $5.42 a share. It covered the remaining 89,931 shares of its short position in MILL on July 28 at $3.76 a share and no longer has a position in the company's stock. TheStreetSweeper may choose to establish a new short position in MILL in the future and will promptly disclose the details of any additional transactions in the company's stock if and when they occur.
As a matter of policy, TheStreetSweeper prohibits members of its editorial staff from taking financial positions in the companies that they cover. To contact Melissa Davis, the editor of this website and the primary author of this story, please send an email to editor@thestreetsweeper.org.
Disclaimer below is from their second article=================================
* Important Disclosure: TheStreetSweeper currently holds no financial position in the stock of Miller Energy Resources. As previously disclosed, TheStreetSweeper established a short position in the stock before publishing its original investigative report on the company. However, it has already covered that entire position and has executed no additional trades in the securities since that time.
As a matter of policy, TheStreetSweeper prohibits members of its editorial staff from taking financial positions in the companies they cover. To contact Melissa Davis, the editor of this website and the author of this story, please send an email to editor@thestreetsweeper.org.
http://www.sitejabber.com/reviews/www.thestreetsweeper.org
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