Earnings, RBC, and their Hedge Client
Message ID: 98374 Posted By: manyhats23 Posted On: 2004-02-26 06:48:00 Subject: Earnings, RBC, and their Hedge Client Recs: 3 Several events are converging within the next few days. The earnings call (a horror show) as well as the securities registration will make the next five trading days fun to watch. But one thing stands out that we all forgot .... Cohen, RBC, and Cohen's hedge fund. I remember the research not too long ago on Cohen's hedge fund. It was pretty much agreed that this was the RBC client, and that this is to hedge Cohen/Royce's long holdings in SCOX. Now as SCOX approaches the cliff (like Wyle E. Coyote) what is there to stop Cohen from pulling the rug out? (This, of course, assumes that Cohen's hedge fund is the RBC client) My personal belief is that Cohen/Royce doesn't want to have any questions about manipulation, so they are waiting for a bad event (like the earnings call) to pull the trigger and exit. I respect Korbomite, but...