Well well well, so Adam has taken interest in this, huh?
from http://www.exposeadam.com/
from http://www.exposeadam.com/
Quote:Mr. Feuerstein’s blog posts and Twitter use appear intended to send the stock prices plummeting
Quote:Citizens for Responsiblity and Ethics in Washington (CREW) Requests Securities and Exchange Commission (SEC) Investigate Adam Feuerstein
Strategically released blog posts by well-known biotech stock analyst and senior columnist for TheStreet.com Adam Feuerstein seem designed to cause the price of the company’s stock to fall at times when short sellers were financially overexposed. CREW has asked the SEC and the U.S. Attorney for the Southern District of New York to conduct a full investigation of the timing of Mr. Feuerstein’s posts and their relationship to short seller financial interests.
“When several drug companies repeatedly see big stock price dips due to a negative articles published at critical moments — especially when those dips benefit the financial interests of short sellers — it should raise serious questions at the SEC. Given the suspicious timing of Mr. Feuerstein’s articles, which include misinformation and innuendo, there should be an inquiry into whether there was a deliberate effort to manipulate the market for profit,” CREW Executive Director Melanie Sloan said.
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