I said a couple of days ago this thing was going to tank, [ check daytrading,,,momo,,and more thread.]
Wall Street Bankers screwed the company and share holders by intentionaly fixing the IPO price way way to low...
We will see a scandal breakout on this one.
The Offshore Hedge Funds are all over this thing on the short end.
Posted by ththf on :
I sold out again. I don't want to bet with FOMC's interest
Posted by Dustoff101 on :
Buyers at 150 bucks are looking at a wide awake nitemare...
Posted by ththf on :
You cannot short IPO stocks in first 30 days. I guess. Unless you are an underwriter.
I think GS hold tons of short position.
I don't know the rule of SEC clearly.
Posted by Dustoff101 on :
Hedge funds can do it offshore.
Berlin exchange, the way I understand it.
30 days is'nt that far away, anyway.
Posted by Dustoff101 on :
Bidu can be shorted at 50% of margin right now!!!
If shares are available
Sooooooooo, does that mean we're already heading to the SHO list?
What a mess!!!!!!!!!!
Thanks again, money men!
Posted by Dustoff101 on :
Another mugging expected today.......
The wide awake nitemare continues.
Posted by Peaser01 on :
Record labels sue Baidu for copyright infringement Fri Sep 16,10:43 AM ET
NEW YORK (Reuters) - The four largest record companies have sued Baidu.com Inc. for copyright infringement, alleging the Chinese Internet search engine has been illegally providing links to free digital music downloads, according to a trade group the represents the music industry.
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Universal Music Group, EMI Group Plc and Warner Music Group Corp. filed their suits in July in Beijing to stop Baidu from providing those links, a spokesman for the International Federation of the Phonographic Industry said. Sony BMG Music Entertainment filed its suit earlier this month.
The music industry has been cracking down on piracy, one of its largest costs. It recently won a landmark decision against Grokster, a peer-to-peer network that allowed users to download music from one another without permission from the artists.
The Baidu case is believed to be different, since the search engine is providing links to sites that offer illegal downloads.
Baidu, known as the Chinese Google, lost nearly a third of its market value earlier this week after two of the investment banks that managed the company's initial public offering said the stock price was overblown.