And here is Larry Smith's take on Shkreli's arrest
Post# of 72445
Posted On: 12/17/2015 8:59:31 PM
And here is Larry Smith's take on Shkreli's arrest:
http://smithonstocks.com/martin-shkreli-arres...gy-stocks/
"Martin Shkreli Arrested; This Could Be A Major Catalyst for Small Biotechnology Stocks
Posted by Larry Smith on Dec 17, 2015 • (2)
Bloomberg reported that Martin Shkreli was arrested at his home this morning (December 17) on charges of securities fraud; his lawyer was also arrested. I recently wrote that Shkreli and his colleagues appeared to blatantly manipulate the stock price of KaloBios. See my article KaloBios: The Fascinating Story of the Takeover of the Company by Martin Shkreli and His Hedge Fund Buddies . Apparently, this arrest is not the result of trading in KaloBios but earlier crimes committed by Shkreli when he ran a hedge fund and also a biotechnology company called Retrophin. I wrote about this in my report.
I would expect that the investigation will extend into the trading and probable (almost certain) manipulation of the stock price of KaloBios. The manipulation of KaloBios likely involved a number of other hedge funds. I hope that this will trigger a broad probe by the FBI into routine manipulation of biotechnology stock prices by hedge fund operatives. Shkreli is only one of many hedge fund operatives that I believe routinely manipulate stocks to their benefit. Shkreli differs only in how stupid and brazen he was in doing this. A broad federal probe into KaloBios and stock trading in many other companies could potentially result in the arrests of other hedge fund managers. If other arrests do follow, this could be an enormous positive catalyst for small biotechnology stocks that are routinely victimized by the hedge fund cartel."
http://smithonstocks.com/martin-shkreli-arres...gy-stocks/
"Martin Shkreli Arrested; This Could Be A Major Catalyst for Small Biotechnology Stocks
Posted by Larry Smith on Dec 17, 2015 • (2)
Bloomberg reported that Martin Shkreli was arrested at his home this morning (December 17) on charges of securities fraud; his lawyer was also arrested. I recently wrote that Shkreli and his colleagues appeared to blatantly manipulate the stock price of KaloBios. See my article KaloBios: The Fascinating Story of the Takeover of the Company by Martin Shkreli and His Hedge Fund Buddies . Apparently, this arrest is not the result of trading in KaloBios but earlier crimes committed by Shkreli when he ran a hedge fund and also a biotechnology company called Retrophin. I wrote about this in my report.
I would expect that the investigation will extend into the trading and probable (almost certain) manipulation of the stock price of KaloBios. The manipulation of KaloBios likely involved a number of other hedge funds. I hope that this will trigger a broad probe by the FBI into routine manipulation of biotechnology stock prices by hedge fund operatives. Shkreli is only one of many hedge fund operatives that I believe routinely manipulate stocks to their benefit. Shkreli differs only in how stupid and brazen he was in doing this. A broad federal probe into KaloBios and stock trading in many other companies could potentially result in the arrests of other hedge fund managers. If other arrests do follow, this could be an enormous positive catalyst for small biotechnology stocks that are routinely victimized by the hedge fund cartel."
(0)
(0)