ONVO is swooning lower this afternoon, following a 100,000 word essay as to why it is overvalued, published on Seeking Alpha. This gent, a Robert Pearson, went through great lengths to establish an argument for lower prices. As a matter of fact, he’s been trying to do so for months, all the while ONVO has spiraled higher–despite his worst intentions.
As I read this article, which was done with great care and detail, I pondered to myself “what sort of man spends this much time writing an article like this on a free site?” Aren’t any of you curious? He plainly states to be short ONVO and has been since July, so maybe he’s in desperate straights, bloodied up from the run up. Nevertheless, it’s a good life to lead indeed, a privileged one at the auxiliary offices of Seeking Alpha, knowing that a singular article can strike the fear of God into unsuspecting shareholders.
Just last week SA published a scathing review of TTS, sending its shares down to $12. Now they are above $17.
Now if you were the editor of Seeking Alpha and possessed the power to feature this article, designate it “editors pick”, knowing it would maul the shares, you wouldn’t tip anyone else off before it was published, would you? Calm down, I am not making accusations. I am merely having fun. It would be a hoot if we could peer into the online trading accounts of such editors, just to see if they’re making as big a killing as their readers.
As for Mr. Pearson, I hope he averaged up on his ONVO short before submitting the article to Seeking Alpha. Hell, we know he did, since he clearly states being short the stock in his article. What a wondrous, fail-proof, world–this Seeking Alpha, where dreams are made and others are shattered.
If you enjoy the content at iBankCoin, please follow us on Twitter
waiting for the inverse seeking-alpha etf
LOL! That’s a great idea.
The authors get paid per view.
It would be nice to be privy to articles before they are published.
It would be like having insider information
i know of a stock that’s getting a SA article published on it soon.
Well, what is it? And how do you know?
inside the PPT, sir….this is not for the common folk.
Pets.com?
BTW, for those who like to ride a bike do wear a helmet no matter how dumb you look.
Almost got sideswiped by a car running a stop sign (out of his parking lot) this AM.
I was on the bike path and did slow down as I always presume the car will not stop.
I have a little road rash.
The funny thing is that all I could think of was Fly when it happened because it happened right outside the HQ for Dixon Ticonderoga (the pencil Co.-Fly likes their “dark” pencil).
700 people/year killed riding bikes. Styrofoam bike helmet is not much protection.
someone at the company i work for hit her head while riding a bike last month with no helmet….she’s still in ICU. I hear you tradercaddy.
I stopped a quarter way through the article. I agree the author has an agenda – he’s is short – but don’t you think he has a point in regards to the company’s valuation and some other things?
3D stocks taking massive dump.
Did you read all 100,000 words? To me, the first clue of blather is lack of a succinct rationale. It’s like a document dump. If you can’t dazzle them with brilliance, baffle them with bullshit.
the only 100,000 word document i would read would be a published collection of Fly’s stories.
How can the SEC NOT investigate? they are asswipes … both of them
What is there to investigate? Is this really “insider information” or just public info that he has collected / manipulated to fit his storyline?
The inside info is the article itself. These type of one day moves are invaluable.
It would seem to me that if you were an editor of SA, you would find stocks under a billion market cap that are overbought and scan the site for articles. If none exist, simply have a few paid writers to “feature” a hit peice when most convenient… After shorting the stock of course.
This type of activity would NEVER work nearly to the same extent if the volume weren’t so dried up from 2007 highs or 2009 low bottom. There need not be a lot of volume or much of a legitimate story or earnings to hit a stock under these conditions. Simply a tweet by a fake Citron or Muddy Waters account for a scalp or a hit piece by SA will do.
That pic is too perfect…all in the details, the magnificence of IBankCoin.
Hearing rumors that the bearded clam was spotted buying blunt wraps.
OK, just so I understand, you would have us not publish the article? On what basis?
Two stocks (LLEN, FU) were halted over the past two weeks due in no small part to SA contributors. In each case, the longs insisted our publishing of the articles were criminal, and that we are in cahoots with the authors (FYI we have policies that restrict editors from daytrading at all, and from taking any positions in stocks for which they have access to pre-published articles).
I wish we knew up front who was right and who was wrong (FWIW, Mr. Pearson’s track record lately has been astonishing – and I’m not talking about stocks that his articles moved, I’m talking about stocks that played out just like he said they would – check his article stream). But we don’t. And so I’m happy to be the platform for discussion.
Disclosure: I’m Seeking Alpha’s VP content and editor in chief.