iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,528 Blog Posts

SHORTING SEEKING ALPHA TO ZERO

The dastardly case of the financial website, Seeking Alpha, is a very curious one. They are the villains of public finance, the very bane of society, soiling all that is good with financial journalism. They pay huge sums of money to have their content displayed on Yahoo Finance, fueled by an engine of short selling stock manipulators. Frankly, how they’ve escaped the wrath of the SEC, being that their content is explicitly designed to send stocks lower, is a mystery to me. Their authors are betting against stocks before their articles are posted. Voila: instant profits! How easy!

I am sure a great many of them cover their shorts– immediately after their articles are published and the targeted stocks are punished, netting risk free gains.

Over the past two years, I’ve faded the sages who litter Seeking Alpha with amazing accuracy. They’ve issued reports on TEA, AFTER AN ALL CASH DEAL BY SBUX, based upon a ridiculous claim of ‘excessive’ pesticides in their products. I bought YELP in the teens, after an article was posted, exclaiming the stock was worth single digits, or worse. I bought DDD in the $20’s, after numerous hit pieces. And just the other day, they hit my AMBA for 10%, based on inaccurate reporting.

Let me touch on this point. The article stated that AMBA will miss earnings because ‘channel checks’ suggest a slow down at Chicony. What the author doesn’t realize is that production is being done at FOXCONN. We will find out who is right, soon enough.

Today, one of their bozos went after CVV.

Incidentally, I’ve been researching CVV, interested in taking a long position. I happen to be a believer in graphene and feel a small company like CVV might attract a fresh batch of speculators, providing they can execute. So the decline in the stock today is nothing less than a gift to me. Please note that I am giving this to you, the reader class, before I’ve taken down a position, something that a true gentleman, a man of my status, is expected to do.

It boils down to this. I am shorting Seeking Alpha until the lights shut off. I am going to bet against their authors often, and do so with vigor. I’ve witnessed, over and over again: they are wrong.

Feel free to drop a note in the comments section of other epic Seeking Alpha fails.

Good night and get ready for war.

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35 comments

  1. Ocean trader

    See what SA did to NVIV last week. Granted, other issues have come into play but I believe the article was timed to maximize the short’s profits.

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  2. halfbloodpope

    How can I get my own PREMIUM service at iBC?

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  3. 4yoursuccess

    Fly, this guy must be found and run over in your 80’s style limo. It’s the same pond scum who wrote the article regarding UNXL about Uniboss. http://seekingalpha.com/article/1473211-uni-pixel-a-picture-is-worth-a-thousand-words

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  4. fake amish

    The new IBC offering After Hours with OA is fucking brilliant. You must check it out. Do not be a faggot(no homo). Seriously the ultimate learning tool. You will not regret it.

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    • The Fly

      I agree.

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      • fake amish

        The first three webinars will advance a beginner by years. Absolutely the most valuable learning product I have ever seen. This along with the PPT and 12631 deliver the goods for all levels of trader. Well done, sir. IBC is indeed the future.

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    • sodapopinski

      Yeah its great 🙂

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  5. alan

    couldn’t agree more fly..gave me goosebump’s at the end..like maximus in gladiator you will get your revenge in this life or the next.

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  6. Trend$ekr

    wall street protesters…

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  7. john

    I argued a point years ago on their MB and have been banned ever since. Your right on by going against everything they say. Fucking Nazi site.

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  8. Luke Green

    They pumped CIMT a few days ago, stock rose 20%, dropped almost the same amount yesterday-today. Author was anonymous.

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  9. fake amish

    A bond take on IBC would be nice. Looking at the muni funds that have been destroyed but do not understand what/ if any are a good buy here. For instance PCK. Down 20% would seem a decent gutting, but is it?

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  10. ralph braseth

    I’m certainly no pro myself, but I love reading the guys who have one or two published articles. A few days after they write, I write back. “You backwater, trash, squirrel brain sak-o-shit. I read your column and bet $1OK. It’s gone thanks to you and I’m fixin’ to put a bat upside your head and cross your f-ing eyes. It tears ’em up.

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  11. ROB CARL THE UNEMPLOYED
    ROB CARL THE UNEMPLOYED

    I have deemed job searching as one of the greatest equalizers a man can face during his life. The job market is an unforgiving place, similar to my ex-mother in law. No matter the duration of your job search, it will always feel like a long and daunting process to complete.

    As a former CEO of a F500 company, it has been rather degrading to search for jobs with the urchins of society. Incase you’re wondering, I see most of you here as urchins. I view you a couple of you as vile tilapia filets, however, that is a term I reserve for my ex-wife. Stupid bitch. Thats neither here nor there, the point is that I should be given back my job as CEO. Why should I get my position back you ask? It has nothing to do with my immaculate credentials or incredibly good looks.

    I deserve my job back because I’m Jack Abramoff and I work out everyday.

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  12. ripper

    This guy alpha exposure also wrote a hit piece on Affymax. maybe worth a look.

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  13. ripper

    Another article by him on june 21th http://seekingalpha.com/article/1514642-uni-pixel-is-the-sec-investigating marked the bottom in UNXL.

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  14. gatorsun

    GOGO long and strong,,,well done…

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  15. gatorsun

    SPLK missed it…more proof that this is a new world,,no more grandpa stocks

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  16. TheHarper

    Some idiot wrote that my beloved NES is going bankrupt sending the stock lower by 20%, only to have numerous analysts come out claiming he is an idiot and totally ignores financial ratios that the rest of the world seems to see. Pikers and criminals of the highest order.

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  17. awalkndafart

    Oliver Davies wrote several articles bashing RDN when it was $4-$5 claiming fraudulent reporting on management http://seekingalpha.com/author/oliver-davies/articles

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  18. awalkndafart

    Sorry … I meant misleading ‘investors’, not fraud. It was awhile ago…

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  19. JohnF

    I saw a couple of articles about it being time to short BIdu when it was in the 90’s. That was a great call

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  20. JohnF

    I saw a couple of articles about it being time to short BIdu when it was in the 90’s. That was a great call

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  21. Brian

    FRO is in trouble.

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  22. Joseph Conway

    PKX is also a graphene player. Any interest there?

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  23. AKwitdemBeamz

    I started months ago – short the articles. Buy the dips. The same with TheStreet.com
    Your margin will love you for it. You see quality? Someone with deeper pockets sees it too and covets it for less.

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  24. Smart Guy

    Seeking Alpha is for all the failed and fired stock analysts who think they can create a business for themselves.

    Little to they know they were fired for good reason – because they suck!

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